ID :
25230
Sat, 10/18/2008 - 10:36
Auther :
Shortlink :
http://m.oananews.org//node/25230
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RI SUPPLIES 24 PCT OF GLOBAL TIN NEEDS
Pangkalpinang, Oct 17 (ANTARA) - Indonesia currently supplies 60,000 tons of tin ingot or 24 percent to the global needs which reached 250,000 tons per annum, an Industry Ministry official said.
China is the world's biggest tin supplier with a production estimated at 90,000 tons per annum, chief of the ministry's metal industry subdirectorate, Dani Ramdani, said here on Friday.
Peru and Bolivia supply 30,000 tons and 10,000 tons respectively to the global market, he said.
"Nearly 90 percent of Indonesia's tin production is exported while almost all of China's tin ingot production is used to meet demand from its industries, making Indonesia the world's largest tin exporter," he said.
He said the current global financial crisis has led to a significant drop in tin demands.
Developed countries such as the United States have temporarily stopped importing tin as their automotive, electronic, etc. industries are paralyzed because of the crisis, he said.
"Luckily, tin demand from Japan remains unaffected thanks to the existing close cooperation between the two countries," he said.
Setyo Sarjono, production director of state tin mining company PT Timah, said global tin ingot prices have been fluctuating in recent months and hoped they will soon return to pre-crisis level.
China is the world's biggest tin supplier with a production estimated at 90,000 tons per annum, chief of the ministry's metal industry subdirectorate, Dani Ramdani, said here on Friday.
Peru and Bolivia supply 30,000 tons and 10,000 tons respectively to the global market, he said.
"Nearly 90 percent of Indonesia's tin production is exported while almost all of China's tin ingot production is used to meet demand from its industries, making Indonesia the world's largest tin exporter," he said.
He said the current global financial crisis has led to a significant drop in tin demands.
Developed countries such as the United States have temporarily stopped importing tin as their automotive, electronic, etc. industries are paralyzed because of the crisis, he said.
"Luckily, tin demand from Japan remains unaffected thanks to the existing close cooperation between the two countries," he said.
Setyo Sarjono, production director of state tin mining company PT Timah, said global tin ingot prices have been fluctuating in recent months and hoped they will soon return to pre-crisis level.
