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...PT Timah break ground on smelter upgrades
PT Timah, the world’s second largest tin producer, broke ground on the construction of its new smelter today, 30 January 2020. The smelter will use Ausmelt technology and will have a capacity of some 40,000 tonnes. The company estimates that the new smelter will...London Tin Seminar 2019 – Weak demand continues, but better times ahead
The International Tin Association (ITA) held its eighth annual London Tin Seminar on Friday 29 November. The event played host to a range of delegates, from tin producers to investors. The global tin market may be small compared to other base metals, but it...PT TIMAH confirm export cuts
Indonesian state-owned tin producer PT TIMAH has reaffirmed its plan to reduce refined tin exports by 2,000 tonnes per month after having announced the plan in September in response to low tin prices. Speaking to Indonesian news agency ANTARA on Friday 4 October,...JFX launches physical tin contract
The Indonesian-based Jakarta Futures Exchange (JFX) has launched a new physical tin contract, which has been backed by the country’s major producer, PT Timah. The JFX initially aimed to bring a physical tin contract to the market in 2013, but this was delayed,...ICDX launches new physical tin contract
The Indonesia Commodities and Derivatives Exchange (ICDX) has launched a new physical tin contract today, Monday, 4 March. The Ex-Warehouse Physical Contract transfers tin exports to bonded warehouses, operated by the Bonded Logistics Centre (PLB). This is the first...Indonesian tin exports up in December
Data released by the Indonesian Ministry of Trade (MOT) on 11 January 2019 revealed that Indonesia exported 5,260 tonnes of refined tin in December, up 51% on the previous month. However, in Q4, exports totalled some 13,800 tonnes, the lowest quarterly total in 2018....
