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Home / Metal News / Tin Prices to Rise Further as Indonesia Plans to Stop Exports

Tin Prices to Rise Further as Indonesia Plans to Stop Exports

Nov 29, 2021 13:45

Source:SMM

It is reported that Jakarta stated that it would stop the export of refined tin from 2024.

SHANGHAI, Nov 29 – It is reported that Jakarta stated that it would stop the export of refined tin from 2024.

The tin prices surged to a record high at $40,000/mt last Wednesday, and the prices are expected to stand firm in the coming weeks, as Indonesia plans to stop the export of welded metal from 2024 in order to attract investment in downstream industries.

Due to tight supply and strong demand from sustainable industries such as the solar energy, electric vehicle and electronics, the prices of gold hit a new high this month as well.

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