Salient. Victoria University Student Newspaper. Volume 38, Number 10. 22nd May 1975
16-4-75 — Musa Hitam Calls US To Stabilise Tin Price
16-4-75
Musa Hitam Calls US To Stabilise Tin Price
London — Primary Industries Minister, Datuk MUM Hitam said the United States should accept the principle that the commercial sales of tin from the General Services Administration (GSA) stockpiles should not be made when the price is within the price stabilisation band or below. He regretted that although the GSA stockpile had been reduced from 369,000 long tons in 1962 to the present 207,000 tonnes, it still represented a high leverage factor in the tin market. The tin price today is around $950 a pikul — well below the price stabilisation band of between $980 and $1,040 a pikul.