Amadeusz Juskowiak

Us says tin disposals will not affect accord

US tin disposals should have little effect on an agreement reached last weekend by tin producing countries to limit group exports to 96000 tonnes in the year started March 1 a government official said

The agreement by the sevenmember Association of Tin Producing Countries ATPC aimed to cut the world surplus and boost prices Following the accord ATPC Chairman Subroto appealed to the United States to restrict its tin releases from its strategic stockpile

We dont think that the US government has a large influence in the tin market at this stage of the game said Thomas ODonnell Director of International Commodities at the State Department Last year the United States released about 4900 tonnes of tin to two ferroalloy firms

Reuter