Tin Prices
Tin is often combined with copper to form an alloy, a hybrid metal created by combining two or more metals. It can be obtained by removing oxygen in cassiterite (SnO2) using a smelting furnace. Tin is recycled in large quantities. China, Bolivia, Indonesia, and Peru were among the top producers of tin in the early 21st century.
Tin Price
Tin, chemical symbol Sn, is a relatively soft, silvery-white metal that possesses a high boiling point and low melting point. It is commonly used to plate steel cans and in solder due to its malleability, and ductile properties. Governmental involvement in the production of tin as well as supply-demand economics can affect the current price. By tracking global stock levels for tin on the London Metals Exchange (LME), traders can predict market trends as a result of shortages or surpluses. (read more)
Tin is often combined with copper to form an alloy, a hybrid metal created by combining two or more metals. It can be obtained by removing oxygen in cassiterite (SnO2) using a smelting furnace. Tin is recycled in large quantities. China, Bolivia, Indonesia, and Peru were among the top producers of tin in the early 21st century.
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Tin Prices
Tin prices averaged USD 25,574 per metric ton in September, down 1.8% from August’s price but 21.1% higher year on year. On 29 September, tin traded at USD 23,664 per metric ton, 5.7% lower month on month.
Prices slid in September amid downbeat manufacturing momentum in most large economies, as signaled by contractionary PMI readings in the Eurozone, Japan and the U.S. Additionally, survey data for August showed that the electronics sector—one of the key users of tin—weakened. Nonetheless, demand from China likely strengthened somewhat, supported by monetary easing and sturdier manufacturing activity in September. Supply-wise, recent developments were mixed: Chinese output fell in August amid maintenance work. However, it likely recovered in September thanks to the reopening of a smelter in Yunnan and healthy tin ore inflows in recent months.
This chart displays Tin (US$/mt) from 2021 to 2023.
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