Timah to Resume Refined-Tin Exports After Price Rebounds
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PT Timah, Indonesia’s largest tin producer, will resume exports after prices rebounded, withdrawing from a nationwide halt to shipments agreed by producers last month to counter a rout. Tin slumped for the first day in seven, while Timah shares advanced.
“As soon as the ships arrive, we will export,” Wachid Usman, president director at Pangkalpinang, Bangka-based Timah, said in a telephone interview from Jakarta today. “We haven’t been exporting since the end of last month.”