#PriceagesMagazine :

Tin futures bounced back above the $23,000 per tonne mark, recovering further from a two-year low of around $17,630 hit in late October, as news of China relaxing some of its stringent coronavirus-induced restrictions lifted the outlook for demand. Still, tin prices are down more than 50% from their March record peak amid weak demand from the consumer electronics sector and rising levels of production from major producers Indonesia and Malaysia. Malaysia Smelting, one of the world’s biggest tin producers, said it would increase its output by 20% over the next couple of years. In the longer term, demand for Tin should benefit from the energy transition and green technologies, particularly in solar panels and EVs. Historically, Tin reached an all time high of 200800 in September of 2022. Tin is a silvery, malleable metal mainly used in the production of solder and to coat other metals to prevent corrosion. It is widely used in metal in the environmental and sustainability landscape, particularly in photovoltaic installations, electric vehicles, and electronics. The biggest producers of tin are China, Malaysia, Indonesia, Peru, Thailand, Bolivia and Myanmar. Tin Futures are available for trading in The London Metal Exchange (LME). The standard contact weighs 5 tonnes.

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