Until 9M 2023, global tin prices will continue to be under pressure due to the strengthening of the US currency and the slow recovery of the Chinese economy as well as weak demand for tin due to high LME inventories. This impacts decreasing Indonesian tin exports from the second quarter of 2023 to the third quarter of 2023, especially TINS tin exports to several countries.
"In the midst of an economic slowdown and weak global demand for tin metal, the Company consistently implements efficiency in all business lines. Management is optimistic that efficiency targets will be achieved and contribute to the Company's performance." said Fina Eliani, Director of Finance and Risk Management of PT TIMAH Tbk.
Read More: Press Release Financial Position as of September 2023
