Tin market uncertain as new export rules begin

Jul 02, 2013 | 12:43 PM | Claire Hack

Tags  tin, exports, Indonesia export regulations, LME, London Metal Market, Claire Hack

LONDON — Tin market participants are expecting an uncertain summer as new export regulations go into effect in Indonesia.

The Indonesian government has decreed 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.

"I think the brunt of the effect will come by the end of August (after Ramadan)," a trader told AMM sister publication Metal Bulletin. "I think every ounce of primary tin probably left Indonesia by June 30," before the regulations went into effect July 1.....

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