Twenty-Five Indonesian Tin Producers Extend Export Ban to Help Lift Prices

Bloomberg reported 25 tin smelters in Indonesia agreed to extend an export ban until the yearend to boost prices.

As quoted in the market news:

PT Timah, the world’s biggest exporting company, and PT Koba Tin back the extension, said Ismiyardi after an industry meeting. Timah is allowed to ship contractual sales, said Bangka Governor Eko Maulana Ali. Two calls to the mobile phone of Wachid Usman, the company’s president director, weren’t answered. Fifteen smelters had agreed to maintain the ban on Oct. 28.

Click here to read the full Bloomberg report.