Timah Delays Plan to Start Tin Exports Until Price Recovers
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PT Timah, the largest tin exporter, will delay a plan to resume shipments until prices recover and as the company continues to negotiate with its contractual buyers, an executive said.
Timah will uphold an instruction from Bangka Belitung Governor Eko Maulana Ali and an agreement with other producers to halt spot overseas sales until prices rebound to $25,000 a metric ton, Corporate Secretary Abrun Abubakar said today.