Tin producers meet<\/p>\n
KUALA LUMPUR (AFP): The world's leading tin producers begin
\nmeeting here today against a backdrop of concern over
\npersistently high excess stocks largely blamed for the weak
\nprices of the metal, officials said.<\/p>\n
Industry experts said the surplus, estimated at 38,700 tons at
\nthe end of March, was slowing down the recovery of tin, which had
\nlong been in the doldrums due to oversupply.<\/p>\n
The Association of Tin Producing Countries (ATPC), which
\nbegins Wednesday its 35th executive council meeting, with China
\nas a new member, is expected to examine production and export
\nfigures of each member country before confirming the latest
\nofficial estimate of the global overhang, officials said.<\/p>\n
The meeting is to review progress of the association's supply
\nrationalization scheme (SRS), launched in 1987 in a bid to
\nexpedite depletion of excess stocks, then estimated at over
\n80,000 tons, to bolster prices.<\/p>\n
The ATPC, which groups Australia, Bolivia, China, Indonesia,
\nMalaysia, Nigeria, Thailand and Zaire, accounts for 67 percent of
\nthe world's supply of tin. Brazil, a leading producer is an
\nobserver.<\/p>",
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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