Timah (TINS) Maintains Optimism Amid Production Decline

Operational Performance Review

PT Timah Tbk (TINS), a leading tin producer and member of the MIND ID state-owned mining holding company, has expressed confidence in achieving its production targets for 2025 despite experiencing a decline in both tin ore and metal production during the first three quarters of the year. The company's tin ore production fell by 20% year-on-year to 12,197 tons Sn, while tin metal production dropped by 25% to 10,855 metric tons during the same period.

Market Dynamics and Export Performance

The company's tin metal sales also witnessed a significant decline, decreasing by 30% year-on-year to 9,469 metric tons. However, TINS maintained a strong presence in the global market with 93% of its tin metal sales directed to international markets. The company's export destinations included major economies such as Singapore, Japan, South Korea, India, Malaysia, Taiwan, China, and several European countries.

Strategic Outlook

Despite the current production challenges, TINS remains optimistic about its operational and financial performance for the remainder of 2025. The company is focusing on improving its production efficiency and overall business prospects. As a major player in the global tin market, TINS's performance is closely monitored by industry analysts and investors.