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.

To read the full article please visit: http://www.bloomberg.com/news/articles/2015-04-22/world-s-biggest-tin-exporter-cuts-output-after-price-rout

Tin Price Jumps most in Three Years

Yesterday (Monday 20 April 2015) the price of tin surged by 6.7%, the most it had in three years, as signs of declining supplies spurred buying.

In an article for Bloomberg, Agnieszka de Sousa and Debarati Roy report that stockpiles tracked by the London Metal Exchange fell to the lowest since October, and Indonesia’s largest private smelter, Refined Bangka Tin, will halt production this week. The journalists argue that these factors helped the price of tin climb 6.7% to settle at $15,525 a metric ton, the biggest jump since January 2012.

The rising price of tin will be beneficial to developers and explorers such as Stellar Resources, especially as buyers may decide to stay away from unstable markets such as Indonesia and instead look for long-term stable supplies of tin in Australia.

To read more about this story featured on Bloomberg, click on the link below:

http://www.bloomberg.com/news/articles/2015-04-21/tin-jumps-the-most-in-two-years-as-indonesia-plans-output-cuts

Indonesian Tin Smelters Vote for Monthly Export Quota to Boost Price

Journalists from across the globe have reported that a group of Indonesian tin smelters have put in place a three-month self-imposed quota to cap tin exports at 2,000 tonnes per month, hoping that the move will boost the metal’s price. Jabin Sufianto, chairman of the Association of Indonesian Tin Exporters, said that producers will review sales volumes every month depending on market demand.

Bloomberg’s Yoga Rusmana and Eko Listiyorini also report that Indonesian tin had not performed well on the London Metal Exchange over the last year, as suppliers faced increased competition from countries including Myanmar and Australia. However, with Indonesia having such a short-term tin strategy, reviewing their export quota month-by-month, buyers may look more at Australia for long-term stable supplier of tin – which could be beneficial to developers and explorers such as Stellar Resources.

To read more about this story featured in Mining Weekly, click on the link below:

http://www.miningweekly.com/article/indonesian-tin-smelters-vote-for-monthly-export-quota-to-support-prices-2015-02-17

Tin Exporters in Indonesia Plan Meeting to Counter Price

Bloomberg’s Yoga Rusmana and Dwi Sadmoko report that tin exporters in Indonesia, the world’s biggest supplier, will meet later this week to discuss a temporary suspension of sales to stem declining prices. Rustam Effendi, the Governor of Bangka Belitung, is likely to be part of the discussions and is expected to propose an export halt on tin for at least two months.

However, for the shipment halt to be successful, all exporters must agree to it.

With Indonesia discussing plans to introduce further barriers to their tin market, buyers may look elsewhere for long-term stable suppliers of tin. This could be beneficial to Australian developers and explorers such as Stellar Resources.

To read the full article visit www.bloomberg.com

Tin Exports From Indonesia Set to Slump 20% as Mines Checked

In her latest report on global tin mining, Bloomberg’s Chanyaporn Chanjaroen indicates that exports from Indonesia, the world’s largest supplier of the metal, will continue to decline in 2015 as the country tightens curbs on tin mining to boost sales of higher-value products. A planned clampdown on mines this year, to check which are so-called clean-and-clear and not in breach of regulations, will further erode supplies.

According to estimates compiled by the newswire, shipments may drop 20 per cent to 61,000 metric tons, down from 75,925 in 2014.

Whilst the Chairman of the Association of Indonesia Tin Exporters admits that they are “under a lot of pressure”, the article reports that efforts by Indonesia to clamp down on exports have had little effect on prices amid alternative supply. The news is likely to improve supplies from Myanmar, Australia and the Democratic Republic of Congo. For Australian developers and explorers, such as Stellar Resources, this is positive as buyers are looking for long-term stable supplies of tin.

To read the full article visit www.bloomberg.com