Tin prices averaged USD 29,665 per metric ton in November, down 7.3% from October. On 29 November, the commodity traded at USD 28,695 per metric ton, down 7.5% from 31 October.
Persistent demand weakness and stabilizing supply were key drivers of November’s price decline. Sentiment in the tin-intensive electronics sector remained subdued in November. Moreover, Indonesian exports continued to recover in October. Prices were further dented by the latest stimulus announcements in China disappointing metals markets and Trump’s victory boosting the dollar and igniting fears of global trade disputes.
This chart displays Tin (US$/mt) from 2022 to 2024.
Tin LME (prices in US$/mt, aop)
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | |
|---|---|---|---|---|---|---|---|---|
| Tin LME | 26,235 | 26,159 | 26,763 | 24,421 | 26,200 | 32,190 | 31,661 | - |