World’s Biggest Tin Exporter Cuts Output

The largest tin producer in Indonesia, which is the world’s top exporter, is cutting output by as much as 50 per cent. PT Timah will produce 1,500 metric tons to 2,000 tons of refined tin a month starting in April, below this year’s target of 2,000 tons to 3,000 tons.

In a report for Bloomberg, Yoga Rusmana and Dwi Sadmoko write that tin is “used in everything from cans to smartphones”, but PT Timah is seeking to stem the decline in price of the metal by restricting output while the Indonesian government tightens export and trading rules to limit shipments.

As producers cut back, the price of tin is expected to rise, which is good news for developers and explorers such as Stellar Resources. With further disruptions and restrictions to the Indonesian tin market, developers and explorers in stable countries such as Australia could receive more good news as buyers hunt for long-term stable supplies of tin.

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Explorers are in the money again

The Australian’s Robin Bromby writes of significant upheaval for exploration companies in the Australian tin mining sector as fresh funds appear to be flowing. The current situation is especially beneficial for the major players in trade, allowing them to continue financing mining exploration globally. A significant pick-up in tin exploration is expected by the June quarter, although the present market is tougher than in the late 1990s.

Meanwhile, French leading mining companies are actively pushing their interests in Francophone African countries trying to elbow out foreign multinationals.

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