Indonesia’s Top Tin Exporter Timah Says Halts Tin Shipments

Singapore/Jakarta. Indonesia’s top tin exporter Timah said it has stopped tin shipments and declared force majeure since new regulations forcing domestic producers to trade on a local exchange came into force last Friday.

Indonesia is the world’s biggest exporter of tin and the shortfall is already feeding into global prices, with cash tin on the London Metal Exchange soaring to the highest premium against the benchmark contract in more than ten months on Tuesday.

http://www.thejakartaglobe.com/business/indonesias-top-tin-exporter-timah-says-halts-tin-shipments/

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