More details on planned Indonesian tin contract
Four big commodity traders and three Indonesian tin producers are readying to trade a soon-to-be launched physical contract for the metal, a trade ministry official told Reuters, offering hope the new contract will secure enough liquidity to make it a success....
Indonesian November exports lower than expected
Preliminary data on the tonnage of tin checked by trade ministry surveyors prior to shipment from Indonesia last month indicated that a very low volume was shipped in the month. 2,202 tonnes of tin was recorded, 75% lower than in November 2010 and 60% down on the...
Minsur to boost Brazil production
Minsur SA, the world's fourth-largest tin producer, aims to quadruple production at the Pitinga mine in Brazil in four years, Chief Executive Officer Lucio Pareja told Bloomberg. Pitinga "should be reaching the 10,000 tonnes per year level eventually," Pareja said in...
Indonesian exports in full flow
The export halt by Indonesian tin producers which began at the start of October has broken down completely this week. A spokesman for Indonesia's tin association (ITA) told Reuters on Friday its members will ship 7,000 tonnes of tin ingots overseas this week. "Most of...
PT Koba Tin ships tin at second attempt
Indonesian tin producer PT Koba Tin has shipped 400 tonnes of tin ingot to Singapore, a port official told Reuters on Monday. Hundreds of smelter workers on Bangka had thwarted an initial attempt by the company to make the shipment on Friday, but the firm went ahead...
Bangka tin market set for early 2012 launch
The Indonesian Commodity & Derivative Exchange (ICDX) and the Indonesian Tin Association (ITA) will establish a physical tin market on December 15 that may become operational as early as January next year, ITA spokesman M Fitriansyah told American Metal Market....
Indonesian private smelters confirm ban, discuss plans for 2012
Independent smelter members of the Indonesia Tin Association agreed yesterday to continue an export halt to the end of this year, although Indonesia's two large integrated producers, PT Timah and PT Koba Tin, did not attend the meeting at which the decision was...
China refined tin imports soared in October
China imported 3,990 tonnes of refined tin in October, the highest level since April 2009, according to China Customs data. Most of imports were from Thailand, Indonesia and Malaysia. The China domestic tin price has remained at a big premium to the LME from August...
Glencore reports solid markets, rising metals production
Commodities giant Glencore International said output across most of its commodity products rose in the third quarter and its marketing activity "remains solid" despite uncertainty in the financial markets, Dow Jones reported. Marketing and trading accounted for 39% of...