Timah Withholds Tin Sale for July to ‘Strategize’ for Higher
Bareksa • 02 Jul 2014
Pekerja PT Timah menunjukkan timah batangan (Reuters/Lewa pardomuan)
The commodity has been traded at the London Metal Exchange (LME) at about $21,000 to $22,000 in the past few months.
Bareksa.com - The country’s biggest tin miner PT Timah (TINS) is mulling to temporarily stop selling tin for a few weeks in July amid lower-than-expected prices that have squeezed its finances.
As quoted as from The Jakarta Post, Timah president director Sukrisno said on Monday that the company would not start selling unless prices reached at least US$23,000 per ton.