Trading resumes in Indonesia

ITA understands that two of Indonesia’s three largest smelters, including PT Timah, have now restarted exporting tin. Exports in February stood at 55 tonnes, representing a marginal increase from January, and a 98% decrease from February 2023. Trading on the...

Global tin production sees modest decline in 2023

2023 saw global refined tin production of 370,100 t, representing a decline of 2.1% from 2022. Approximately 59% of this tin originated from just ten leading smelters, whose collective output increased by 856 t. The top two producers remain unchanged, with Yunnan Tin...

Growing concern over Indonesian output amid licensing delays

Uncertainty continues around Indonesian tin production and exports amid amplified seasonal licensing delays, while a presidential election and police investigations into corruption allegations add complexity. Indonesia’s tin industry has recently come under...

PT Timah Tbk empower local communities through knowledge & training

As part of ongoing ESG efforts, ITA member PT Timah Tbk has recently undertaken a local community initiative to provide educational training on the preservation of mangrove forests to the people of Setunak Island and Karimun Regency in Indonesia. These areas are...

Indonesian government plans tin royalty changes

The Indonesian government is considering changing the royalty rate for tin. The government has been debating the existing system in a session today (21 June 2022). Currently, tin producers pay a flat rate of 3% on all tin production to the government. However, the new...

Indonesian government to review export licenses

Further disturbances to Indonesian exports are expected this year as the Indonesian government is set to review export licenses in June. Export licenses in Indonesia regularly cause disruption in the tin industry, as has already been seen this year. Regulations in...

PT Timah profits from high tin price

PT Timah achieved significant profits in the third quarter of 2021 following strong LME tin prices. In its latest quarterly report, PT Timah Tbk reported a net profit of 612 billion rupiah (some US$ 4.28 million) over the first three quarters of the year, an increase...

YTC comes out top in difficult year for tin producers

2020 was a difficult year for tin producers. In many countries, the spread of the coronavirus saw lockdown measures that closed smelters and halted production. In total, ITA estimates that 327,200 tonnes of refined tin were produced in 2020. This was a nearly 8% drop...

Indonesian tin sales fall after PT Timah announces production cuts

Sales through Indonesia’s main tin bourse, the Jakarta Futures Exchange (JFX), fell in March after PT Timah announced production cuts. The world’s largest tin producer, PT Timah, announced that it would delay some exports in March after the outbreak of the...