Bloomberg News

Tin Producers May Cut Output on Price, Malaysia Smelting Says

December 06, 2011

Dec. 5 (Bloomberg) -- The slump in tin prices may result in 20 percent 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 $20,000 to $25,000 a metric ton, he said.

To contact the reporter on this story: Agnieszka Troszkiewicz in London at atroszkiewic@bloomberg.net

To contact the editor responsible for this story: Maria Kolesnikova at mkolesnikova@bloomberg.net


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