A police crackdown on illegal tin mining in Indonesia, including in Bangka-Belitung islands, has cut ore supplies. Analysts maintain the current crack down may not be as severe as the one in 2006, which halted tin production at small smelters for months, mainly because the government has tightened tin export rules. Moreover, PT Timah Tbk and PT Koba Tin, a unit of Malaysian Smelting Corp, were not affected by the crackdown.
Continue reading "Illegal Mining Hurts Tin"
Thursday, June 4, 2009
Commodities like tin, rubber and steel could be heading for a short-term rally in the near future bolstered by active buying interest from institutional and fund managers on most major world commodities, dealers said. Manufacturers worldwide were seen building up inventories to take advantage of the current weak US dollar, traders said. The weak greenback makes commodities attractive as a hedge against inflation.
Continue reading "Active Interest Could Spur Rally"
Wednesday, June 3, 2009
Indonesian tin consortium Bangka Belitung Timah Sejahtera expects June-September output to slip further to below 50% of its 3,000-4,000 tpm capacity despite increasing tin prices. For full story, click here
Continue reading "BBTS has expected tin output to slip below 50% of capacity"
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Wednesday, September 16, 2009