Indonesia’s Ministry of Trade today released preliminary figures indicating a drop in tin exports last month, based on reports by the two surveying companies which check tin prior to shipment.
The volume checked for shipment in November was 8,295 tonnes, Hartojo Agus Tjahjono, export director for mining products at the ministry, told Bloomberg. The figure for October was 13,509 tonnes, the ministry said last month. PT Timah, Indonesia’s largest tin producer, shipped 3,993 tonnes of the metal in November, bringing the company’s total exports in February through November to 46,559 tons, Tjahjono said.
Since Indonesia’s new export licencing system was introduced in February a cumulative total of 82,970 tonnes has been inspected prior to export.
