Tin Producers May Cut Output on Price, Malaysia Smelting Says
December 06, 2011, 3:05 AM ESTBy Agnieszka Troszkiewicz
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
