Tin sales by Indonesia’s state tin company PT Timah may drop to 28,000 tonnes this year as prices extend a decline because of slowing global demand, President Director Sukrisno told Bloomberg. This would be a 20% fall from the 34,934 tonnes it sold last year and also 10% below its original target of 31,000 tonnes for this year.
“The margins are getting smaller, although we have been working up a sweat,” Sukrisno said in an interview. “The price is about $19,000 now. If necessary, we don’t have to export. The important thing is prices.”
