Tin Export Ban in Indonesia Likely to Upset Global Supply in the Long Run

Published: Nov 24, 2021 15:03

Source: SMM

Save

The news that Indonesia may stop tin exports in 2024 will have more impact on the tin industry in the long term.

SHANGHAI, Nov 24 (SMM) – The news that Indonesia may stop tin exports in 2024 will have more impact on the tin industry in the long term.

At present, the monthly exports of tin ingots in Indonesia average around 6,000 mt, and the annual exports stand at about 70,000-80,000 mt. The global demand for tin ingots is currently about 340,000 mt in 2021. If the tin ingots is banned from exporting in 2024, the increase in global supply outside of Indonesia will not be able to make up for the void in the market caused by the Indonesian policy, therefore the gap will be significantly expanded.

tin Indonesia tin ingots

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

2 hours ago

LME tin inventory 4,890 mt, down 230 mt; September FOMC rate hike almost certain, watch for decision [SMM Tin Morning News]

[SMM Tin Morning Update: LME tin inventory at 4,890 mt, down 230 mt; September FOMC rate hike almost certain, watch for decision]

2 hours ago

SHFE tin stabilized at 394,010, down slightly by 0.13%, LME tin inventory decreased by 230 mt to 4,890 [SMM Tin Morning Meeting Summary]

[SMM Tin Morning Meeting Summary: SHFE tin stabilized at 394,010, down slightly by 0.13%, LME tin inventory decreased by 230 mt to 4,890]

2 hours ago

17 hours ago

Central China Lead Smelter's Upgrade Delayed, Production to Resume in October

【Lead Smelter Dynamics】 It is understood that a mid-sized primary lead smelter in Central China has indicated that the actual progress of its electrolytic lead equipment technological renovation and upgrade is slower than expected. The equipment upgrade was originally planned to be completed in about one month, but in reality, it will be difficult to complete before the end of September. The lead smelting system is expected to resume production at the earliest in October.

17 hours ago