My take is it's part politics and part economics.
The politics part is essentially wanting to be seen, within the country, as standing up to the chinese. So not flogging off the country's natural resources cheap, for all the value add to happen overseas. Economically, if they ban exporting the ore the processing has to happen in country, this not only has Economic benefits in terms of jobs and taxation but also forces foreign owned businesses to invest in building infrastructure in the country, once again scoring political points and generating economic benefit.
Of course the risk is it's protectionist, so they may become uncompetitive, or foreign businesses may just take their money elsewhere. If it suppresses Indonesian tin output then it can only benefit MLX in the short to medium term.
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Last
57.0¢ |
Change
0.025(4.59%) |
Mkt cap ! $483.0M | |||
| Open | High | Low | Value | Volume |
| 55.0¢ | 57.5¢ | 55.0¢ | $785.2K | 1.399M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 245852 | 56.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 57.0¢ | 87706 | 5 |
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| Last trade - 10.26am 27/06/2025 (20 minute delay) ? |
| MLX (ASX) Chart |