Tin

Tin futures were hovering around the $35,000-per-tonne level in early June, roughly 30% drown from a record high of $49,500 hit on March 8th, as the recent rally in prices encouraged mines to invest in new supply projects. Malaysia Smelting, one of the world’s biggest tin producers, was one of the latest to announce that it will increase its production by 20% over the next couple of years. However, it is unlikely that tin prices would return to pre-pandemic levels amid rising demand from the electronics sector, where tin is used for circuit board manufacturing. Historically, Tin reached an all time high of 49400 in March 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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