28.10.202512:07:04UTC+00Tin Rises Toward 6-Month High

Tin futures increased to $36,000 per tonne by the end of October, nearing the six-month peak of $37,455 experienced earlier in the month as supply concerns once again captured investors' attention. Although mining quotas are gradually being implemented following the extended halt in Myanmar, the world's leading producer, significant tin sources remain largely idle. Operations at the crucial Man Maw mine continue to be on hold due to a resource audit, complications from the region's rainy season, and infrastructure damage caused by the severe earthquake in the country. Additionally, supply pressures increased after Indonesian President Subianto ordered the shutdown of 1,000 illegal tin mines in Sumatra, reducing the output from the world’s second-largest tin supplier. On the demand side, base metals benefited from indications of an impending trade agreement between the U.S. and China.