While tin prices rest on their low levels, several worrying factors on its supply chain should be monitored.
The weakening Chinese demand and stocking of its tin production locally, the mining ban in Myanmar, and Indonesia’s plan to restrict tin exports are clear warning signs of the near or long-term scarcity of tin metals.
Overall, experts predicted a bullish tin market averaging $30,000 per ton in 2030.
While this is a far cry from its $51,000 per ton price last year, the surging supply-side elements might bring another unprecedented price in the coming years.