The Kuala Lumpur Tin Market, the oldest physical tin market in Asia, has expanded its range of registered tin brands as of May and will welcome a new member company, BTG Pactual Commodities Singapore, from 15 June.
KLTM was established as the successor to the 75-year old Penang Tin Market in 1986, and until now has been open to sales of four brands produced by Malaysia Smelting Corporation, Thaisarco and PT Timah. It has now expanded this to cover seven further brands – which are also LME registered – belonging to five Chinese producers and two Indonesian private smelters. BTG Pactual Singapore joins 10 existing members from Malaysia, Japan, China, the UK,Korea and Indonesia.
In a statement KLTM Company Secretary Muhamad Nor Muhamad commented: “Several applications from international metal trading companies for KLTM membership are in the pipeline for consideration. The interest shown in joining membership of the KLTM indicates the trust and confidence by market players in this long established regional physical tin market. It also indicates the integrity and transparency of the KLTM in attracting new memberships.”