Tin Price Trend

Tin Price Trend, Index and Forecast

Track the latest insights on tin price trend and forecast with detailed analysis of regional fluctuations and market dynamics across North America, Latin America, Central Europe, Western Europe, Eastern Europe, Middle East, North Africa, West Africa, Central and Southern Africa, Central Asia, Southeast Asia, South Asia, East Asia, and Oceania.

Tin Prices Outlook Q1 2025

• USA: US$ 31200/MT
• China: US$ 37600/MT
• India: US$ 36340/MT
• Germany: US$ 33350/MT
• Myanmar: US$ 36685/MT

Tin Price Chart

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During the first quarter of 2025, the tin prices in the USA reached 31200 USD/MT in March. As per the tin price chart, prices mirrored global trends, experiencing a consistent increase during the first quarter. This situation resulted in a significant spike in March. U.S. buyers also dealt with the repercussions of trade policy adjustments following the presidential transition, as worries about possible new tariffs affected their purchasing choices and market sentiment.

During the first quarter of 2025, tin prices in China reached 37600 USD/MT in March. Despite mixed economic signals, the demand in China’s tin market remained steady during Q1 2025. Even though there were some inconsistencies in the manufacturing indicators, the demand for tin stayed fairly constant. Challenges on the supply side, such as shortages of feedstock, persisted in affecting prices.

During the first quarter of 2025, the tin prices in India reached 36340 USD/MT in March. Domestic demand remained relatively stable despite some fluctuations in industrial production. Indian buyers also faced tightening market conditions as global inventories decreased, adding pressure on local prices. These factors, combined with persistent feedstock shortages to create a challenging market environment in the region.

During the first quarter of 2025, the tin prices in Germany reached 33350 USD/MT in March. The tin market in Germany exhibited a comparable upward trend, with prices consistently increasing throughout the first quarter. Supply chain problems, particularly those stemming from crucial tin-producing areas, affected availability and caused prices to rise. The supply reduction from China and Indonesia also impacted the German market, which depends significantly on imports for industrial applications like semiconductors.

During the first quarter of 2025, the tin prices in Myanmar reached 36685 USD/MT in March. A significant earthquake in Myanmar, a major tin-producing region, caused concerns regarding production. Besides, rising geopolitical instability, including trade tensions and concerns about potential disruptions, also contributed to bullish sentiment in the market.

Tin Prices Outlook H2 ​​​​​2023

• USA: US$ 28744/MT
• China: US$ 34839/MT

In H2 2023, the price of the tin in the United States reached 28744 USD/MT by December. Similarly, in China, the tin prices hit 34839 USD/MT in H2 2023.

Regional Coverage

The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing the tin prices.

Global Tin Price Trend

The report offers a holistic view of the global tin pricing trends in the form of tin price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price levels but also provides insights into historical price of tin, enabling stakeholders to understand past fluctuations and their underlying causes. The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed tin demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Tin Price Trend

Q1 2025:

As per the tin price index, the market exhibited a consistent upward trend. By the middle of March, prices attained their peak level since June of the prior year. As LME stocks dropped considerably, tightening supply conditions added to the strain on European buyers. The semiconductor industry, a significant user of refined tin, demonstrated ongoing robustness, bolstering demand in the face of wider economic difficulties. As the market responded to disruptions in mining operations, particularly in essential production areas, considerable price fluctuations were observed.

H2 ​​​​​2023:

Europe's tin pricing trends are deeply affected by its stringent environmental regulations and the push towards sustainable and recycled materials. The automotive and aerospace industries in Europe, which demand high-quality specialty metals, further complicate the pricing landscape. Energy costs and the availability of renewable energy sources also significantly influence tin production costs. Additionally, the region's dependency on tin imports, coupled with fluctuating currency values, adds another layer of complexity to understanding price trends in this market.

Detailed price information for tin can also be provided for an extensive list of European countries.

North America Tin Price Trend

Q1 2025:

In North America, prices reflected global market trends, rising during Q1 due to supply limitations and geopolitical tensions. It is worth mentioning that the halt of operations at the Bisie mine in Congo caused prices to soar in March, which had a considerable effect on the regional market. Moreover, the market encountered uncertainties stemming from possible alterations to trade policies after the presidential transition. This had an impact on buying behavior and sentiment throughout the region.

H2 ​​​​​2023:

In North America, tin prices are closely tied to technological advancements in extraction and processing techniques, which aim to reduce costs and enhance efficiency. The region's emphasis on defense and technology sectors, which require precise and high-grade metals, drives demand variability. Furthermore, trade policies, particularly those involving major trade partners like Canada and Mexico, heavily influence tin supply chains and pricing structures. The shift towards green energy and electric vehicles in North America also affects demand patterns for metals.

Specific tin historical data within the United States and Canada can also be provided.

Middle East and Africa Tin Price Trend

Q1 2025:

As per the tin price chart, prices were changing due to a combination of global supply disruptions and increased demand, particularly in sectors like electronics and energy. Geopolitical tensions and natural disasters in major tin-producing regions, contributed to supply constraints. Additionally, rising demand for tin in the production of semiconductors, photovoltaic panels, and other energy transition technologies also pushed prices upward. 

H2 ​​​​​2023:

The tin pricing trends in the Middle East and Africa are increasingly impacted by infrastructural developments and investments in the construction and transportation sectors. The region’s political climate and its effect on operational stability and security are also crucial in determining price trends. Additionally, the Middle East's strategic initiatives to diversify away from oil dependency and invest in mining and metal production capabilities are reshaping its market dynamics. In Africa, the availability of resources combined with foreign investment in mining projects heavily influences local and global tin supply and prices.

Region-wise data and information on specific countries within these regions can also be provided.

Asia Pacific Tin Price Trend

Q1 2025:

Prices showed significant resilience, driven mainly by supply-side factors affecting market conditions. Chinese demand remained steady despite the varied performance of manufacturing, but it was supply constraints that significantly influenced price fluctuations. Price surges were observed on the Shanghai Futures Exchange, particularly following reports regarding the suspension of operations at the Bisie mine. Moreover, with Chinese smelters experiencing shortages of feedstock, the ongoing decline in Indonesian exports exacerbated supply constraints. Consequently, the quantity of goods on the exchange decreased, contributing to increased regional prices.

H2 ​​​​​2023:

In the Asia Pacific region, tin pricing dynamics are significantly influenced by robust industrial growth and expanding manufacturing sectors, particularly in China and India. The region's high demand for metals is driven by its active construction industry and increasing investments in infrastructure projects. However, supply disruptions due to geopolitical tensions and regulatory changes in mining practices also play a critical role in shaping price fluctuations. Additionally, trade policies and import-export tariffs continue to impact the cost structures and availability of tin, making the Asia Pacific market a complex environment for price trend analysis.

This tin price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Tin Price Trend

Q1 2025:

As per the tin price index, prices in Latin America were influenced by several factors, including a slight price rebound in some countries, global supply disruptions, and rising costs of production. Supply constraints from major tin-producing regions, alongside steady demand from the packaging industry, also played a role in the fluctuating prices. 

H2 ​​​​​2023:

Latin America's tin market is predominantly influenced by its rich natural reserves, particularly in countries like Chile and Brazil. However, political instability and inconsistent regulatory frameworks can lead to significant volatility in tin prices. Infrastructure challenges and logistical inefficiencies often impact the supply chain, affecting the region's ability to meet international demand consistently. Moreover, economic fluctuations and currency devaluation are critical factors that need to be considered when analyzing tin pricing trends in this region.

This comprehensive review can be extended to include specific countries within Latin America.

Tin Price Trend, Market Analysis, and News

IMARC's latest publication, “Tin Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” presents a detailed examination of the tin market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of tin at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents detailed tin prices trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting tin pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.

Tin Industry Analysis

The global tin market size reached 307.71 Tons in 2024​. By 2033​, IMARC Group expects the market to reach 380.9 Tons, at a projected CAGR of 2.28% during 2025-2033.

• The electronics industry is a significant driver of the global tin market. Tin is primarily used as solder in the manufacturing of electronic components such as circuit boards and semiconductors. With the rapid advancement of technology and the increasing integration of electronic devices into everyday life, the demand for tin has grown consistently. According to the SHANGHAI global tin production increased on account of the rebound in consumer demand in 2021. The global tin production reached 300000 tons in 2021, up 14% from 264000 tons in 2020.
• The role of tin extends beyond electronics into sustainable energy technologies. Tin is crucial in the production of photovoltaic (PV) cells for solar panels, where it is used as a coating material to enhance the cells' efficiency. With the global push toward renewable energy sources, the demand for tin in solar energy applications has seen significant growth. The solar energy sector has been one of the fastest-growing markets for tin consumption. Tin-coated solar cells are more efficient in converting sunlight into electricity, driving their adoption in both residential and industrial solar installations. As governments worldwide incentivize renewable energy adoption, the demand for tin in this sector is expected to increase further.
• Supply constraints and mining challenges constitute another critical factor influencing the global tin market. Tin is primarily sourced from a few countries, with China, Indonesia, and Myanmar being the largest producers. According to the ICDX GROUP, Indonesia is the largest tin exporter globally and second largest producer, with 90% of tin procured from the BANGKA BELITUNG PROVINCE. Political instability, regulatory changes, and environmental concerns in these regions can significantly impact global tin supply. Environmental regulations and geopolitical factors affect tin mining operations. For instance, changes in mining policies in Indonesia, the largest tin producer globally, can disrupt supply chains and lead to price volatility. Additionally, the complexity and cost associated with tin extraction in some regions pose ongoing challenges for maintaining stable production levels.

Tin News

The report covers the latest developments, updates, and trends impacting the global tin industry, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in tin production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the tin price trend.

Latest developments in the Tin industry:

• On June 13, 2024: Tin explorer Elementos has agreed to acquire up to 50% of Iberian Smelting, which owns and operates the Robledallano smelter in Spain, for €3.2m over a five-year period.
• On June 10, 2024: Atlantic Tin has announced the results of a scoping study incorporating the company’s newly acquired SAMINE processing facility near their Achmmach tin project, Morocco. The company announced in late-May that it had entered into an agreement to acquire SAMINE, which holds a mine and exploitation license between Atlantic Tin’s Ach.

Product Description

Tin is a silvery-white metal known for its malleability, corrosion resistance, and low melting point. It is primarily extracted from its ore cassiterite (SnO2) through a process called smelting, where the ore is heated with carbon in a furnace to produce tin metal and carbon dioxide. This metal has been utilized by humans for millennia due to its versatility and beneficial properties.

Tin finds widespread use in various industries, most notably in the manufacturing of solder. Soldering, crucial for joining electronic components, relies on tin due to its ability to create strong, reliable electrical connections. Beyond electronics, tin is also employed in the production of tinplate, used for food and beverage packaging due to its corrosion resistance and ability to preserve the contents. Additionally, tin is crucial in the production of alloys such as bronze (tin-copper alloy) and pewter (tin-lead alloy), valued for their durability and aesthetic appeal.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of tin pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
• The study examines factors affecting tin price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advantages, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The tin price charts ensure our clients remain at the forefront of the industry.