NUSA DUA - Tin commodities play an important role in all manufacturing industries. Therefore, there should be maximum effort to increase the added value of tin to sustain the industry.
Economic observer Faisal Basri said Indonesia should utilize tin commodities as best as possible so that in the next 15 years not run out for export. "Do not be exported raw so that we have a meaningful legacy. Thus, in 15 years there is added value.
If not so, later like oil, we used to be exporters, nowadays the importer, "said Faisal in Nusa Dua, Bali.
Currently, Faisal said, tin is exported to various countries in the form of ingot or tin beams and then processed in Japan, Korea, and other countries and then imported again by Indonesia.
"We have raw materials, we use tin but the industry is not there. Just like bauxite, bauxite exports are now banned for smelters of alumina. Weird, we are bauxite producers 40 million tons in 2014, have aluminum industry, but have no alumina for this, "said Faisal.
He asserted, tin commodities are absorbed almost by all industries. In fact, for some industries such as electricity, tin as a conductor of electricity with no substitution. "If the use of gold and silver is more expensive than the tin. Unless there is no tin at all, people will use gold and silver but it is far away, "he said.
According to Faisal, the price of tin is influenced by the performance of the industry, where if the world economy grows high then the use of tin commodities will follow. "Approximately 30-50 percent of the world's output is manufacturing industry. So if manufacturing recession, then the world's economy weakened, "he said.
Head of the Commodity Futures Trading Supervisory Agency (Bappebti) of the Ministry of Trade (Kemendag) Bachrul Chairi said that although the world economy is still weak, the world's demand for tin increases along with the development of electronic products.
"If world economic growth improves, tin industry growth will also move quickly. This is an opportunity for Indonesia to develop tin products, "he said. Bachrul continued, Indonesia is the largest exporter and producer of tin in the world.
In fact, world tin prices begin to follow the benchmark of domestic futures exchanges, in this case Indonesia Commodity and Derivatives Exchange (ICDX). "Tin at that time including those threatened. Therefore, the government must immediately proceed to conduct sales through the media exchange, and must meet environmental aspects, "he said.
In addition to the environment, says Bachrul, an industry must fulfill their obligations to the state in the form of royalties and meet the concept of suistainable. According to Bachrul, with the regulation, the price of tin the world can follow the selling price of Indonesia.
"Now, if you look at the trend over the last three years, the London Metal Exchange (LME) is following ICDX prices, meaning that the position rather than the price formation is already shifting because we meet Indonesia's contribution to the world," he said.
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