Source:  ITRI Ltd

Indonesian companies plan Jakarta tin market  (30 Sep 2011)    

It was aanounced that all Indonesian producers would halt exports of tin with effect from 1 October 2011.  Members of the Indonesian Tin Industry Association would establish a Jakarta Tin Market (JTM) as the sole market for Indonesian tin products.  The JTM, to be jointly operated by 24 Indonesian tin miners led by state-owned PT Timah, would allow local producers to control the prices charged for their tin products, a process hitherto controlled by foreign brokers and traders.

Indonesia has been shipping 8,000 – 9,000 tonnes a month of tin to the rest of the world recently, so this move will soon make a big difference to availability

SEC to hold conflict minerals roundtable  (30 Sep 2011)

The US Securities and Exchange Commission (SEC) will host a public meeting on 18 October at its HQ in Washington to discuss the looming “conflict metals” law including the implementation of the new regulations.  Open to the public, the roundtable will be webcast live on SEC’s website.

A provision of the Dodd-Frank financial reform law passed last July mandated that US companies report any purchases or use of conflict minerals, and put the SEC in charge of writing, implementing and enforcing the rule.

The roundtable will provide a forum for various stakeholders to exchange views and provide input on issues related to the SEC’s required rulemaking, and discussions will focus on key regulatory issues such as appropriate reporting approaches for the final rule, challenges in tracking conflict minerals through the supply chain, and workable due diligence and other requirements related to the rulemaking.

All Indonesian producers to halt export  (27 Sep 2011)

Following a meeting with the Bangka Belitung Governor Eko Maulana Ali, all Indonesian tin producers have agreed to halt exports from 1 October in order to support tin prices.  According to Johan Murod, director at PT Bangka Belitung Timah Sejahtera, exports will resume if the price recovers to US$25,000 per tonne.  Bangka Belitung’s governor will issue a decree as a legal basis for halting the export.

Indonesia is by far the world’s largest tin exporter.  Provisional trade ministry data shows that the tonnage of tin exported had risen 13% year-on-year to 67,990 tonnes in January-August this year.

US may resume tin stockpile sales in 2013  (26 Sep 2011)

The National Defense Stockpile Market Committee (MIC) has called for market comment on the impact of DLA Strategic Materials’ proposed annual materials plan (AMP) for 2013 which includes planned sales of 804 tonnes of tin in 2013.

The AMP sets the limit on the amount of material the agency can sell during its fiscal year.  However, the actual quantity offered for sale will depend on the market for the material at the time.  The deadline for written comments is 21 October.

US stockpile sales of tin were halted in August 2008 pending a review of strategy on materials management.  The total tonnage of tin remaining in the stockpile is 4,020 tonnes.

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