Government eases lead content requirement
The Jakarta Post
The Jakarta Post
The Trade Ministry says that the government has eased a rule on lead content to help smelters meet export requirements.
The limit for lead was increased to a maximum 0.030 percent from 0.010 percent, according to a regulation signed by Trade Minister Gita Wirjawan on June 28 that was published on the ministry's website.
The iron limit was unchanged at a maximum 0.005 percent, while other metals such as cadmium and aluminum were removed from the regulation, it said. Tin purity was increased to 99.9 percent from 99.85 percent as planned.
The new rules took effect on July 1.
The revision came after some smelters were unable to meet the content limits, said Thamrin Latuconsina export director for mining and industry products.
Tin for delivery in three months rose 1.9 percent to US$19,200 a metric ton on the London Metal Exchange at 5:20 p.m. in Singapore. The metal, used in soldering and packaging, has dropped 18 percent this year.
Exports from Indonesia may fall 20 percent to 79,000 tons this year because of the rules, according to the median estimate in a Bloomberg survey published on June 27. Shipments surged 18 percent in May from April to 9,242 tons, according to data compiled by Bloomberg. The trade ministry will release June figures this week.
Tin producers must trade ingots in the local physical market before export with effect from Aug. 30 and for other tin products from Jan. 1, 2015, according to the rule.
You might also like :
- AccorHotels to operate 200 hotels in Indonesia by 2020
- More Cipinang inmates transferred to Nusakambangan
- Hate speech clouds Indonesia's internet in 2016: Police
- Churchgoers perform service amid rally in Cikarang
- Govt goes extra mile to accelerate land distribution
- Jakarta Police chief visits Santa Clara Church construction site
- The trouble with pedophiles in Indonesia
- Soccer fan brawl in Tangerang, one death
- Indonesia's Daud Yordan beats Thai boxer in 2nd round of non-title bout
- Depok aims to certify 500 land plots