Tin Smelters in Indonesia to Start Trading Through Exchanges
Thirty tin smelters in Indonesia, the world’s largest exporter, agreed today to start trading the metal on a local exchange to comply with a government rule that comes into force this month.
The smelters will begin trading in early September with about 100 importers on the Jakarta Futures Exchange, which will introduce a dollar-denominated and electronically-traded contract on Aug. 28, said Tjahyono Mukmin, president director of the Serumpun Tin trading board. That will replace bilateral dealings between producers and importers.
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