Tin prices set to rise on new Indonesia export regulations
May 01, 2013 | 11:50 AM
| Claire Hack
LONDON Tin prices and premiums could rise in the coming months on tighter availability, market sources said.
Indonesian regulations on refined tin exports are set to tighten considerably July 1, leading to lower availability in the market and pushing prices up to levels seen earlier in the year of about $25,000 per tonne.
"Hopefully, prices have found a base. If you look at the fundamentals of tin on their own, theyre not bad at all," a sales agent told AMM sister publication Metal Bulletin.
The Indonesian government has said that exported material must have a tin content of at least 99.9 percent, and that ingots may be shipped only by registered exporters approved by the trade ministry.....
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