While the price of tin has made a modest gain since the start of the year, global economic cues may limit the gains in the short term. Indonesia has lifted the export ban increasing supply, while demand is still weak.
Bloomberg reported base metals fell, after Chinese Premier Wen Jiabao said the government will maintain property curbs and the dollar jumped.
Bloomberg reported 15 tin producers in Indonesia agreed to extend a self-imposed ban on exports until the end of the year to help boost prices.
Bloomberg reported PT Timah (JAK:TINS) will resume exports after prices rebounded, withdrawing from a nationwide ban.
Mineweb.com reports that a tin and tantalum industry body said that the new U.S. imposed rules against 'conflict minerals' are creating trouble with the mining industry in Congo.
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