Tin Prices

Tin prices averaged USD 34,180 per metric ton in March, up 7.5% from February. On 31 March, the commodity traded at USD 36,815 per metric ton, up 18.3% from 28 February.

Supply woes pushed prices to their highest in over two years in March. The advancement of rebel group M23 in the east of the Democratic Republic of Congo (DRC) prompted miner Alphamin Resources to temporarily close a mine in the area. Additionally, in late March, a devastating earthquake hit Myanmar—the third-largest tin producer—likely delaying the restart of production at its Man Maw mine. Demand-wise, March’s survey data pointed to stronger momentum in China’s manufacturing sector and the U.S.’ tin-intensive electronics sector.