Tin Exports From Indonesia to Drop 19%, Ministry Says
This article is for subscribers only.
Indonesia’s trade ministry forecast that tin shipments from the largest exporter may drop 19 percent this year, exacerbating a global shortage that’s helped drive the biggest rally among base metals in 2010. Futures advanced.
Exports may slump to about 80,000 metric tons in 2010 from 99,287 tons in 2009 as heavy rains disrupt mining, said Alberth Tubogu, export director for mining and industry products at the ministry. That’s similar to an August forecast from Indonesia’s energy ministry for a 20 percent decline in output.