Malaysia Smelting Sees ‘Extreme Tightness’ in Tin Stockpiles
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Malaysia Smelting Corp., the world’s second-biggest tin producer, said it sees “extreme tightness” in global tin stockpiles because of the Indonesian export ban, according to Group Chief Executive Officer Mohammad Ajib Anuar.
“We foresee the overall supply and demand situation to still remain in deficit because of the supply constraint, mainly driven by the export ban in Indonesia,” he said in an online presentation to analysts and the media. The company still forecasts a deficit of around 9,000 tons, or about 3 percent of annual production, Mohammad Ajib said.