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.
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