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.
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