Tin Prices

Tin prices averaged USD 48,694 per metric ton in February, down 0.9% from January. On 27 February, the commodity traded at USD 57,747 per metric ton, up 11.6% from 30 January.

In February, average tin prices fell for the first time in nine months. Demand in the early part of the month was likely curbed by a stronger USD and reduced Chinese activity due to the Lunar New Year holidays. Still, prices remained elevated and reached new record highs in late February. A combination of factors was likely at play, including low inventory levels, strong demand from the AI sector, tightening supply due to Indonesia’s crackdown on illegal mines and still-constrained supply from Myanmar.