Tin Prices

Tin prices averaged USD 48,566 per metric ton in April, up 2.6% from March. On 30 April, the commodity traded at USD 49,035 per metric ton, up 5.2% from 31 March.

In April, average tin prices rebounded after declining for two consecutive months. The announced ceasefire between the U.S. and Iran at the beginning of the month boosted trader optimism about a potential resolution to the conflict that has kept the Strait of Hormuz de facto closed, driving up energy prices and clouding the global manufacturing outlook. The booming AI sector and the continued crackdown on illegal mining in Indonesia provided further support to prices.