Tin inventories can’t go lower

Mark Thompson discusses the tin market, highlighting the critical low inventory levels, with only 3-3.5 weeks of stock available. He attributes the recent 30% price increase to shrinking supply from countries like Indonesia and Myanmar, coupled with growing demand in sectors such as electronics and solar. “With limited tin supply and no new mines coming online, we’re going to see a significant price spike at some point,” Thompson predicts.

He further explains that while demand continues to grow, the lack of new mining projects could drive prices even higher. “The market will need higher prices to stimulate exploration and secure long-term supply,” he adds, emphasising the importance of addressing the supply gap to ensure market stability.