Tin Price Trend 2025: Latest Price Analysis, Historical Data and Forecast

Tin (99.85% Purity) Price Trends - LME Spot Price YoY Analysis and 2025 Outlook

The London Metal Exchange (LME) spot price for tin (99.85% purity) has experienced a notable surge in 2024, marking a sharp reversal from its relatively lower levels in 2023. Tin prices have shown significant year-on-year (YoY) growth, fueled by robust demand from the electronics sector, renewable energy applications, and ongoing supply tightness in key producing regions.

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In October 2024, the spot price of tin reached 32,375 USD/MT, reflecting a substantial 31% increase compared to 24,625 USD/MT in October 2023. The upward trend continued in November, with prices climbing to 30,250 USD/MT, a 23% YoY increase. By December, tin settled at 29,150 USD/MT, still showing a 17% rise from 24,925 USD/MT the previous year.

This steep increase has been driven by multiple factors. On the supply side, disruptions in major tin-producing countries such as Myanmar and Indonesia have limited output. At the same time, demand has strengthened due to tin's critical role in soldering materials for semiconductors, circuit boards, and other electronic components-sectors that are seeing rapid growth.

Expert Market Research forecasts that tin prices will likely remain elevated in 2025, as demand continues to outpace supply. The market is expected to remain tight, especially if geopolitical risks or environmental regulations further constrain mining activity in key regions.

Industry participants especially manufacturers and electronics producers-should anticipate continued cost pressures and consider long-term supply agreements or inventory strategies to mitigate volatility. With no immediate relief expected on the supply side and growing demand from high-tech industries, tin is poised to maintain its position as one of the more expensive and in-demand base metals going into 2025.

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Global Tin Market Overview: Key Exporters, Importers, and Leading Suppliers

Tin, particularly at 99.85% purity, plays a vital role in the global electronics, soldering, and energy storage industries. The international tin trade is sustained by a well-established network of major exporting and importing countries, along with a core group of suppliers that process and refine tin for industrial use. As demand grows and supply remains constrained, understanding this supply chain is more crucial than ever.

Leading Exporting Countries

The global tin supply is heavily concentrated in Asia and South America. Indonesia is the world's leading exporter of tin, thanks to its abundant natural reserves and strong refining capacity. Other key exporters include Peru, Bolivia, and Malaysia, all of which have longstanding mining industries. Singapore, Myanmar, Russia, and Vietnam also contribute significantly to global tin exports, serving a variety of industrial markets with both raw and refined tin products.

Leading Importing Countries

Tin is widely imported by industrialized nations where demand for electronics, automotive components, and renewable energy technologies is high. China is the largest importer, not only consuming tin for domestic manufacturing but also refining it for re-export. The United States, Japan, and Germany follow, driven by their advanced manufacturing sectors. Other major importers include the Netherlands, India, South Korea, and Italy, reflecting their growing electronics and industrial production needs.

Major Tin Suppliers

Global tin supply is consolidated among a few major producers known for their refining capacity and high product quality. Yunnan Tin Company Limited (China) is the world's largest tin producer. Minsur (Peru) and PT Timah (Indonesia) are other significant suppliers, known for their large-scale mining operations. Malaysia Smelting Corporation and Yunnan Chengfeng Non-ferrous Metals also hold major shares in the global market. European players like Metallo Group (Belgium/Spain) contribute through recycling and refining. From Southeast Asia, Thaisarco and Thailand Smelting and Refining are key suppliers, ensuring steady output for international buyers.

Together, these countries and companies form the backbone of the tin trade, enabling a stable though increasingly competitive global supply chain.

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Report Scope:
• Historical Price Data and Analysis, 2021-2024
o Historical Price Data - Monthly
o Grade-Wise Price Fluctuation
o Correlation with Feedstock Price Movement
o Key Market Opportunities and Risks
• Price Outlook
o Monthly Price Forecast (Rolling 3-month forecast for 12 months) (3 Month Quarterly Update)
o Long-Term Price Forecast (2 years), 2025-2026
o Price Influencing Factors
• Supply and Demand Analysis
o Global Market Supply Analysis (2021-2026)
o Global Market Demand Analysis (2021-2026)
o Demand-Supply Gap Analysis
o Historical Dynamics (2021-2024)
o Market Dynamics (Drivers and Constraints)
o Top 5 Deficit Countries with Net Import
o Top 5 Surplus Countries with Net Export
• Cost Breakdown of Tin Plate
o Direct Cost
o Indirect Costs
o Tax and Regulatory Costs
o Profit Margin
• Latest Industry News
o Recent Developments
o Geopolitical Events
o Insights From Government Data and Industries Bodies
• Key Macroeconomic Indicators
o GDP Growth
o Inflation Rates
o Currency Exchange Rates
o Impact on Commodity Prices

How Claight Corporation (Expert Market Research) Database Can Help

The latest report by Expert Market Research, "Tin Prices, Trends, Charts, Demand, and Market Analysis - 2025 Edition," offers a comprehensive overview of the global pricing landscape for tin. Designed for industry stakeholders, the study provides detailed historical and forecast price data, highlighting key market shifts and emerging pricing trends.
Drawing from in-depth research, the report analyses the primary factors influencing tin prices, including fluctuations in raw material availability, changes in production capacity, and macroeconomic or geopolitical developments. Additionally, the report evaluates global and regional demand patterns, outlining how shifts in end-use industries such as construction, paper, and plastics are impacting market dynamics. By examining the supply-demand balance, Expert Market Research's report helps businesses understand the underlying forces shaping current and future pricing environments, offering valuable insights to guide procurement, pricing strategy, and investment planning.

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About Claight Corporation (Expert Market Research):

Expert Market Research is a leading provider of syndicated and custom market intelligence, supporting clients with strategic insights across a broad range of industries. The firm delivers end-to-end research services including demand-supply assessments, pricing and cost analysis (including regional spot prices), feasibility studies, regulatory mapping, and competitive benchmarking. Expert Market Research's geographic coverage spans Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa. With a data-driven methodology and deep sectoral expertise, Expert Market Research enables clients to make informed decisions and capture growth opportunities in evolving global markets.

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