Tin Prices

Tin prices averaged USD 33,835 per metric ton in August, up 0.7% from July. On 29 August, the commodity traded at USD 35,193 per metric ton, up 7.6% from 31 July.

Prices edged up above July levels in August. On the demand side, sentiment data for the semiconductor sector—which accounts for over half of tin demand—suggests that August was the strongest month in over three years. On the supply side, there were no new reports in August on the reopening of Myanmar’s Man Maw mine. In July, several companies received mining permits, hinting at a prompt restart of operations.