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.
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