The slump in tin prices may result in 20 per cent of global producers cutting output, according to Mohammad Ajib Anuar, chief executive officer of Malaysia Smelting Co, the world’s second-biggest producer.
“Twenty percent of the world’s producers will go out of business at the current price level,” Anuar said in an interview in London today. Their production costs are US$20,000 to US$25,000 a metric ton, he said. -- Bloomberg
“Twenty percent of the world’s producers will go out of business at the current price level,” Anuar said in an interview in London today. Their production costs are US$20,000 to US$25,000 a metric ton, he said. -- Bloomberg
