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RJZ - Tin Prices Gain Momentum As Indonesia Mulls Tin Copper Export Bans
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Indonesian President Joko Widodo has been announcing from different forums that his country may stop the export of bauxite next year, copper ore in 2023 and tin in 2024.
As part of efforts to improve the country’s external balance & attract investments into the resource processing industry, Indonesia may stop tin exports in 2024, the Indonesian President reiterated last week at the Indonesian central bank’s annual gathering.
U.S.-based miner Freeport-McMoRan, operator of Indonesia’s massive Grasberg copper mine, has decided to build a copper smelter in east Java province.