Tin prices averaged USD 53,238 per metric ton in May, up 9.6% from April. On 29 May, the commodity traded at USD 52,215 per metric ton, up 6.5% from 30 April.
In May, tin was the best performer in the base metal complex, with its average price reaching record highs. The metal is up by about 8% since January, as an unprecedented surge in AI investment has boosted demand for tin used in semiconductors, the backbone of AI. Moreover, a recent crackdown on illegal mining in Indonesia has provided further support to prices by restricting supply.
This chart displays Tin (US$/mt) from 2024 to 2026.
Tin LME (prices in US$/mt, aop)
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tin LME | - | - | - | - | - | 32,190 | 31,661 | 30,215 | 31,782 | 32,260 | 33,988 | 38,167 |