13.11.202511:30:10UTC+00Tin Rises Toward 7-Month High

Tin futures surged past $37,000 per tonne in November, reaching their highest point since April. This increase is driven by strong demand prospects and ongoing limitations on supply from major producers. In Myanmar, a top producer, the gradual reintroduction of mining quotas has followed a lengthy suspension period, yet key tin sources have largely remained inactive. The critical Man Maw mine continues to be closed for a resource audit, with additional delays caused by the region's rainy season and infrastructure damage due to a severe earthquake. The outlook for alternative sources also faces pressure; Indonesian President Subianto's directive to shut down 1,000 illegal tin mines in Sumatra has decreased output from the world's second-largest supplier. Meanwhile, consumption of tin is projected to stay robust in the coming year, driven by its extensive application in data center construction and electrification technologies.