首页|Indonesia's plan to set up tin smelters may hurt industry
Indonesia's plan to set up tin smelters may hurt industry
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NSTL
Plans by Indonesia's provincial governments to set up small-scale tin smelters could result in overproduction, offsetting any possible boon from the central government's plan to ban tin ore exports, analysts and market participants said.Exports of illegally produced tin ore from Indonesia, partly contributed to the weak global tin prices currently, traders said. Analysts are in favour of the planned ban on tin ore exports, saying that it will cut oversupplies of tin in the world market and boost prices. "Currently tin production capacity is already enough to fulfill demand. The (local government's) plan will result in overproduction," said analyst Norico Gaman of BNI Securities in Jakarta.
NSTL
