Brazil may make "positive indications" today about joining the Association of Tin Producing Countries, Visith Noiphan, ATPC chairman said.
''As chairman of the council, I am not only optimistic but also certain that Brazil has some proposal to make to the ATPC," the Bernama news agency quoted him as saying. Mr. Noiphan is director general at Thailand's Department of Mineral Resources.Brazil is attending the ATPC meeting here as an observer. The meeting started Tuesday and is scheduled to end Thursday.
Mr. Noiphan said Brazil and China's membership of the ATPC are needed to ensure stableprices. He said dredges in Thailand are currently operating at a loss and there is little exploration.
''Only at M$23 (per kilogram) could we make a marginal profit," Mr. Noiphan said. Tin in Kuala Lumpur closed at M$17.17 Tuesday.
He said Thailand would keep this year's exports to within the ATPC- designated quota of 18,000 metric tons. A delegate from Brazil declined to say if his country would join the ATPC, but added it will have "a positive proposal to make" today.
The delegate also said Brazil, the world's largest producer of tin, would propose that the ATPC's supply rationalization scheme be continued after
December. "The scheme is efficient and should remain," he said. (M$2.70 = US$1)