Timah reduces production
Indonesia’s PT Timah may produce about 45,000 tonnes this year, Corporate Secretary Abrun Abubakar told Bloomberg on Wednesday. Average production costs are at least $12,000/tonne, which would indicate the “normal price” for tin would be around...
More on Indonesia cutbacks
Following initial reports last Thursday, interviews with senior Indonesian officials today have confirmed that most – if not all – independent smelters in Bangka-Belitung province have stopped production. Furthermore the governor of the province has also...
China tin production picks up in September
China’s National Bureau of Statistics today released provisional non-ferrous metals production figures for September, which showed refined tin production at 10,113 tonnes. Although the September total was 12.5% lower than in September 2007, it was higher than in...
Indonesian smelter consortium stops production
Indonesia’s main private smelters are to stop production until the end of the year, according to Reuters yesterday. “Our miners that supply tin ore have been idle because they can't cover production costs due to falling tin prices,” said Patris...
China tin export quotas cut again
China’s Ministry of Commerce has set an annual export quota of 23,300 tonnes for tin and tin products in 2009. The quota for next year is 30% lower than the 33,300 tonne limit set for this year, which was in turn reduced from 37,000 tonnes for 2007. The ministry...
Surprise rise in Indonesian exports
Preliminary data released by the trade ministry on Monday showed that the volume of tin inspected prior to export in September rose to 11,001 tonnes, 17% higher than in the same month of last year. The data is based on reports of surveying companies as part of the...
Fenix starts production
Fenix Metals in Poland has started production at its 3,500 tpy capacity secondary tin refinery. Its first metal deliveries to customers will be made this month. Fenix Metals commenced operation in 2004 as a secondary tin smelter and solder producer. While remaining a...
Welcome to London!
The global financial crisis and its impact on metals prices has been shocking and there is still a feeling that there is worse to come. With thousands of metals executives heading for London and the LME Dinner next week, there will be much to discuss. One metals...
PT Timah operations not affected by stock market suspension
The closure of the Indonesian Stock Exchange since Wednesday has not affected the production and investment plans of the company’s leading tin producer PT Timah. Abrun Abubakar, corporate secretary at state-owned Timah, the world's second largest tin produce,...