Tin Prices

Tin prices averaged USD 32,303 per metric ton in April, down 5.5% from March. On 30 April, the commodity traded at USD 31,153 per metric ton, down 15.4% from 31 March.

The tables have recently turned regarding the supply panorama, dampening prices. Following March’s closure, miner Alphamin Resources reopened its tin mine in April in the Democratic Republic of Congo (DRC) as M23 rebels left the area. Moreover, Myanmar’s Wa State restarted the process of reopening its Man Maw mine after March’s earthquake had halted progress. Demand-side developments were also bearish for prices: Heightened trade frictions between the U.S. and China curbed tin prices at the outset of the month.