Indonesia Will Export Tin Ingot
Reuters Africa reported Indonesia will export 7,500 tonnes of tin ingot this week despite a self-imposed ban.
Reuters Africa reported Indonesia will export 7,500 tonnes of tin ingot this week despite a self-imposed ban.
Reuters Africa reported base metals rose amid hopes that euro zone leaders would unveil concrete measures to deal with the region's debt crisis.
Reuters Africa reported South Korea has bought 300 tonnes of tin ingot via tender from Hanwha Corp. (SEO:000880), while reissuing tender for 100 tonnes.
Reuters reported smelters in Indonesia have halted all tin ingot exports and will meet this evening to decide the length of the ban.
Reuters Africa reports South Korea's Public Procurement Office is seeking 100 tonnes of tin ingot.
The Economic Times reports that base metals are down as investors reduced their holdings in base metals.
Indonesia’s refined tin exports in August dropped 16.7% to 8,231.49 tonnes from 9,883.28 tonnes in July and are down 28.5% from a year ago. The decline in tin exports may be attributed to buyers who have curtailed purchases due to adequate stock.
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