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...Latest news on Indonesian export halt
Two Bloomberg reports this week have provided some insights into which companies are continuing to export tin in the current quarter and also play down earlier calls for the introduction of a quota system. As previously reported, trade ministry data showed that 5,442...Indonesian exports rise despite halt
Provisional data released by the trade ministry today shows that the tonnage of tin metal checked prior to export in October was 5,442 tonnes, 4% higher than in the previous month, despite the agreement by most Indonesian producers to halt sales from 1 October. The...Tin at the crossroads – Tin Industry Review 2011
ITRI’s latest detailed review of industry prospects concludes that there are still strong reasons to expect historically high tin prices 3-4 years ahead. Global demand should be around 400,000 tonnes a year by 2015, mineral resources at existing operations are...Indonesian export ban backed by 25 producers
Twenty five tin smelters in Indonesia agreed to extend an export ban until the year-end to boost prices, Ismiyardi, head of the provincial parliament in Bangka Belitung, told Bloomberg. PT Timah, and PT Koba Tin back the extension, said Ismiyardi after an industry...PT Timah margins dented by price fall
Indonesia’s state-controlled tin producer PT Timah reported an 81% year-on-year rise in net profit to Rp 860 billion (US$99 million) in the nine months to September 2011, but its operating margin has slipped recently as a result of the fall in LME prices in the...Some Indonesian producers extend export ban
Fifteen tin producers in Indonesia, the world’s largest exporter, agreed to extend a self-imposed ban on exports until the end of the year to help boost prices, Bloomberg reported. They will seek to widen support for the halt at a further meeting this week. All...Indonesian producers to discuss export options
Representatives of Indonesia’s tin smelters will meet again in Pangkalpinang, Bangka on Saturday to discuss next steps to follow up the export ban introduced at the start of the month. One option being proposed is to establish price-related export quotas....
