Many Indonesian private smelters closed

Aug 22, 2012

A Bloomberg report yesterday carried further news of smelter closures by independent smelters In Indonesia, citing the impact of low prices. The big post-Ramadan Eid al-Fitr holiday which began at the weekend is also an important factor not mentioned in the article....

Bolivian production falls in first half

Aug 15, 2012

Latest official figures show Bolivia’s mine production and refined output of tin falling in the first half of this year. Mine production of tin-in-concentrate in January-June fell by 4.3% year-on-year to 9,482 tonnes, while refined metal production was 6,714...

Cookson reports lower sales, better margins

Aug 9, 2012

The Cookson group reported a 13% year-on-year fall in sales by its Perfomance Materials (electronics) division in the first half of 2012, although the decline partly reflected lower tin and silver prices. The division’s trading profit rose by 11% to UK£50.0...

MSC reports difficult quarter

Aug 9, 2012

Malaysia Smelting Corporation reported a pre-tax loss of RM 75.0 million (US$24.2 million) in the second quarter, mainly due to problems at its 75% owned Indonesian subsidiary PT Koba Tin. Koba made a loss of RM 68.9 million in the quarter and cut production by 50% as...

Indonesian shipments down again

Aug 9, 2012

Preliminary trade ministry data shows that Indonesian tin metal exports fell again in July. The volume of tin checked prior to export amounted to 8,298 tonnes, down by 10% compared to July last year and 14% compared to the previous month. In the first seven months of...

Indonesian producers trim sales and production

Aug 8, 2012

State-controlled producer PT Timah has halted spot sales in reaction to lower tin prices while some private smelters have halted production, according to several reports this week. “For now we are not selling on the spot market and are only fulfilling long-term...