Tin Price Trends and Forecast Report 2025 Edition

The Expert Marlet Research pricing report on Tin provides insights into the top 10 leading trading countries and regions.

In 2024, tin prices increased drastically because of a supply shortage and increasing investor demand for metals. Inventory levels fell to their lowest in nine months, making tin more difficult to obtain. The tin market outlook is expected to experience ongoing volatility throughout 2025, with short-term price fluctuations driven by supply-side uncertainties and geopolitical factors. However, the long-term outlook remains positive, underpinned by projected growth in demand from emerging technologies and the renewable energy sector.

Get Real-Time Prices (Monthly, Quarterly, and Yearly) - Download Free Sample

As of last year, different industries around the world such as electronics and renewable energy use tin hence the demand was high and because of its asset mark it is also popular amongst investors. Consequently, the three-month tin contract on the London Metal Exchange (LME) hit 32,745 USD per metric ton in April 2024, its highest level in more than a year. This rise depicts how tight supply and strong demand pushed prices higher.

Tin Price Forecast

In 2024, tin was the top-performing base metal, with prices rising 31% for the year. Broader macroeconomic factors affecting tin price forecast include robust investment demand, as investors sought to hedge against inflation and expected possible interest rate reductions by central banks. Such expectations spurred additional investors to purchase tin, driving prices up.

Get Real-Time Prices (Monthly, Quarterly, and Yearly) - Download Free Sample

The metal saw the most dramatic increases in April and July, with year-to-date price rises of over 40%, even besting copper, which has long been a favorite investment vehicle. These price changes were driven by concerns over supply, robust demand from the electronics sector.

By December, profit-taking, shifting market sentiment, and changes in economic policies caused the overall yearly gain of tin to fall to 15%. Apart from this moderation, tin was still among the best-performing metals of the year, reflecting its significance in the world market and sustained investor demand.

Global Trade and Supply Chain Implications

Currently, major producing nations are experiencing a supply shortage in the global tin market. Together, Myanmar and Indonesia comprise around 40% of the global tin exports, but their respective restrictions reduced availability. The flow of tin to foreign markets has been hampered by export restrictions imposed by Myanmar in February 2024. In Myanmar, the government imposed export restrictions in February 2024, which substantially limited the outflow of tin ore and raw tin materials to foreign buyers.

On the other hand, Indonesia, which is also among the world's largest exporters of refined tin, has been experiencing prolonged delays in mining licenses. In 2024, Indonesia’s refined tin shipments dropped by 33% to 46,000 tons, while its mine production fell by 28% due to broader restrictions on mining quotas imposed on all metals. A 40% decrease in tin production was also observed in Wa State, Myanmar, which is considered an important mark to produce raw tin materials. Despite these limitations in supply, there was no significant shortage in the world market in 2024 since the demand for tin had also decreased. This slowdown helped in balancing the market against the supply-side disruptions.

Feedstock Analysis

The global tin market faced serious supply problems since there were disruptions in cassiterite (the main primary material for tin production). Cassiterite is required to make tin; its shortage automatically drove prices up and rendered markets unstable. In August 2023, mining was prohibited in Wa State, Myanmar, which accounts for more than 70% of the country's tin. This ban continued through 2024, which reduced the availability of cassiterite. Because of slow government approvals for mining operations, Indonesia, another major supplier, also delayed its tin exports during this period. Smelters were unable to secure adequate raw materials, especially in China, as both countries were having difficulty producing cassiterite. As a result of this disruption, prices of tin increased and supply mechanisms destabilized, although these issues weren’t felt for a prolonged period.

Demand and Supply Outlook for Tin

As a result of regulatory restrictions from major nations, tin is expected to have a limited supply soon. With Myanmar's export restrictions and Indonesia's stringent mining regulations, the supply chain will remain uncertain. Disruptions to South American production may have repercussions for the larger base metals market.

Tin is considered a key material in renewable energy applications, including solar panels and electric vehicle components, making it an innovative metal substitute for the green transition. Econometric market analysis also suggests that tin consumption is expected to rise as companies worldwide increase their transition to greener technologies. The overall prices of tin were moderate in 2024, even with certain unfavorable aspects of the supply chain also in the upcoming time, the annual growth is estimated to increase by 4%. Nonetheless, persistent supply shortages may cause volatility, with more drastic price swings possible based on upcoming regulatory actions and market opinion.

Gain a competitive edge with Expert Market Research's comprehensive price forecasting reports. Dive deep into the latest market dynamics and price outlook for your specific materials, ensuring you stay ahead of the curve with actionable insights and strategic foresight.

What Our Reports Include:

Historical Price Data and Analysis:

• In-depth review of prices (including feedstock) over the past 5 years.
• Visualizations and trend analysis to identify historical patterns and seasonality.

Supply and Demand Analysis:

• Detailed industry analysis of current supply and demand trends shaping the market, along with projections for how these dynamics are expected to evolve during the forecast period.
• Insights from our extensive supplier and trader network, government websites, industry bodies, and global trade data.

Latest Industry News:

• Up-to-date information on recent developments and geopolitical events.
• Pricing analysis of how these events are likely to impact future prices.

Key Macroeconomic Indicators:

• Evaluation of economic indicators such as GDP growth, inflation rates, and PMI.
• Insights into how these indicators affect prices.

Price Outlook:

• Forecasted price trends for the next 2 years using statistical modelling and fundamental & technical analysis.
• Scenario analysis and potential price fluctuations.

Why Choose Our Reports?

• Accurate Data: Our reports are based on reliable data sources, including primary interviews, government websites, and industry bodies.
• Comprehensive Insights: We offer a holistic view of the market, considering all factors related to demand, supply, macroeconomic environment, and input costs.
• Timely Updates: Reports are updated monthly, with options for quarterly or semi-annual subscriptions.
• Expert Support: Our team of analysts is available for consultations and customized requirements.

Key Benefits:

• Informed Procurement Decisions: Gain insights on when to buy and how to negotiate better, mitigating the impact of price volatility.
• Competitive Advantage: Leverage our robust and time-tested forecasting methodology to stay ahead in the market.
• Actionable Insights: Make better market decisions with detailed forecasts and analysis.