The Indonesian government plans to stick with a rule change requiring tin producers to trade the metal locally before export, curbing supplies from the biggest shipper, and says the model may be applied to other commodities.
Bloomberg reported that the rule change, which took effect August 30, is part of wider government efforts to boost the value of commodity shipments from South-East Asia’s largest economy. Indonesia has ordered mining companies to build smelters as it plans to ban raw mineral-ore shipments from January 2014.
Read the full report here.