Tin rose to 33,559 USD/T on July 10, 2025, up 0.83% from the previous day. Over the past month, Tin's price has risen 2.78%, but it is still 3.19% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Tin - values, historical data, forecasts and news - updated on July of 2025.

Graph and download economic data for Global price of Tin (PTINUSDQ) from Q1 1990 to Q1 2025 about tin, World, metals, and price.

This statistic depicts the average annual prices for tin from 2014 through 2026*. In 2023, the average price for tin stood at 25,938 nominal U.S. dollars per metric ton.

Graph and download economic data for Global price of Tin (PTINUSDM) from Jan 1990 to May 2025 about tin, World, metals, and price.

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This statistic depicts the average monthly prices for tin worldwide from January 2014 through January 2025. In January 2025, the average monthly price for tin worldwide stood at 29,612.36 nominal U.S. dollars per troy ounce.

Graph and download economic data for Producer Price Index by Industry: Metal Can Manufacturing: Steel Cans and Tinware Products (PCU3324313324311) from Jun 1981 to May 2025 about tin, steel, metals, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

Tin prices peaked at $39,159 per ton in November 2021, soaring by 79% from the beginning of that year. The spike was driven by a shortage resulting from sharply heightened demand from the electronics sector, where tin is used for circuit board manufacturing, while the total volume of metal production was insufficient. According to October World Bank’s forecast, the average annual tin price should drop from an expected $31,250 per ton in 2021 to $31,000 per ton in 2022.

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The inorganic tin metal market is experiencing robust growth, driven by increasing demand from diverse sectors. While the exact market size for 2025 isn't provided, considering typical market sizes for base metals and applying a conservative estimate based on industry trends and the presence of significant players like Yunnan Tin and PT Timah, we can project a 2025 market value of approximately $5 billion. Assuming a CAGR of, for example, 5% (a plausible figure given general metal market growth and technological advancements), the market is projected to reach a significant size by 2033. This growth is fueled primarily by the expanding electronics industry, particularly in the manufacturing of solder for printed circuit boards (PCBs) and surface mount devices (SMDs). The automotive sector, with its increasing reliance on electronics and sensors, also represents a key driver. Further growth is expected from emerging applications in specialty chemicals, coatings, and glass manufacturing. However, market expansion might face restraints such as fluctuating tin prices influenced by global supply chain dynamics and environmental concerns regarding mining practices. The competitive landscape is relatively consolidated, with major players including Yunnan Tin, MSC, PT Timah, and Minsur holding significant market share. These companies are likely investing in research and development to improve extraction techniques, enhance product quality, and explore new applications. The geographic distribution of the market is likely skewed towards regions with established electronics manufacturing hubs and tin reserves. While specific regional data is missing, future growth will probably be influenced by factors like government regulations promoting sustainable mining practices and technological breakthroughs leading to more efficient and environmentally friendly tin extraction and processing. This necessitates a strong focus on strategic partnerships, supply chain optimization, and sustainable business practices for companies seeking long-term success in this dynamic market.

In 2024, the average annual London Metal Exchange (LME) price for tin was approximately ** U.S. dollars per pound, making it the highest-priced base metal that year. Nickel had the *******highest price out of the base metals at that time, with an average annual LME price of approximately **** U.S. dollars per pound in 2024. Although there is no clear-cut definition of the term, base metals usually refer to metals that oxidize easily, and is most commonly categorized as including tin, nickel, copper, zinc, lead, and aluminum.

The refined tin metal market is experiencing robust growth, driven by increasing demand from diverse sectors such as electronics, packaging, and chemicals. While precise figures for market size and CAGR were not provided, a reasonable estimation based on industry reports and trends suggests a 2025 market size of approximately $5 billion USD, with a Compound Annual Growth Rate (CAGR) of around 4% projected from 2025 to 2033. This growth is fueled by the rising adoption of tin in electronics, particularly in solder for printed circuit boards, where miniaturization and increasing demand for sophisticated electronic devices are key drivers. The automotive industry’s shift towards electric vehicles (EVs) further boosts demand due to tin's use in electric motor components and batteries. Furthermore, the expanding construction and infrastructure sectors contribute to steady tin consumption in coatings and other applications. However, the market faces certain constraints. Fluctuations in tin prices, largely influenced by supply chain disruptions and geopolitical factors, pose a challenge. Moreover, the emergence of alternative materials for specific applications, along with environmental concerns related to tin mining, necessitates sustainable and responsible sourcing practices to ensure long-term market stability. Key players in the refined tin metal market, including Yunnan Tin, Inner Mongolia Xingye Mining, Minsur, and others, are actively involved in improving production efficiency and exploring new applications to maintain market competitiveness. The market segmentation shows diverse end-use sectors that will continue shaping growth trajectories for the foreseeable future. Future growth will largely depend on technological advancements, responsible mining practices, and the ongoing demand from key industrial sectors.

United States - Producer Price Index by Commodity: Metals and Metal Products: Hot Rolled Steel Sheet and Strip, Including Tin Mill Products was 269.19200 Index Dec 2003=100 in February of 2022, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Metals and Metal Products: Hot Rolled Steel Sheet and Strip, Including Tin Mill Products reached a record high of 346.84000 in November of 2021 and a record low of 84.80000 in February of 2016. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Metals and Metal Products: Hot Rolled Steel Sheet and Strip, Including Tin Mill Products - last updated from the United States Federal Reserve on June of 2025.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Steel Cans and Tinware End Products (WPU10310231) from Dec 2001 to May 2025 about tin, steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

Tin prices have surged to a two-week high on the London Metal Exchange due to speculative trading following an earthquake in Myanmar, a major tin producer. Concerns over supply disruptions and halted operations in the Democratic Republic of Congo have contributed to the price increase.

Get the latest insights on price movement and trend analysis of Tin Plate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Refined Tin Metal Market Outlook

The global market size for refined tin metal was valued at approximately USD 8.5 billion in 2023, and it is projected to reach around USD 12.7 billion by 2032, growing at a CAGR of 4.6% during the forecast period. The significant growth factors contributing to this market's expansion include increasing demand in the electronics sector, the rise of electric vehicles, and growing applications in packaging and construction industries.

One of the primary growth factors for the refined tin metal market is the surging demand in the electronics industry. Tin is frequently used in the production of solder, a critical component for electronic devices and circuit boards. With the continuous advancements in technology and the proliferation of smart devices, the demand for high-quality tin solder is expected to rise. Moreover, the transition towards 5G technology and the Internet of Things (IoT) further accelerates the need for reliable electronic components, thereby bolstering the refined tin metal market.

Additionally, the automotive industry's shift towards electric vehicles (EVs) is driving the demand for refined tin metal. Tin is a vital material in battery production, particularly in lithium-ion batteries, which are prevalent in EVs. As countries worldwide implement stringent regulations to reduce carbon emissions, the adoption of electric vehicles is expected to surge. This indirectly fuels the demand for refined tin metal, making it an essential component in the green energy revolution.

The packaging industry also contributes significantly to the growth of the refined tin metal market. Tinplate, a material made from tin-coated steel, is widely used in food and beverage packaging due to its excellent corrosion resistance and ability to preserve the quality of contents. The increasing consumer preference for packaged foods, driven by urbanization and changing lifestyles, has led to a higher demand for tinplate. This, in turn, boosts the market for refined tin metal.

Tin Ore is the primary source of tin metal, and its extraction plays a crucial role in the supply chain of refined tin. The mining of tin ore is predominantly concentrated in regions such as Southeast Asia, South America, and Africa, where rich deposits are found. The extraction and processing of tin ore involve several stages, including mining, smelting, and refining, which are critical to producing high-quality tin metal. The availability and quality of tin ore directly impact the production efficiency and cost-effectiveness of refined tin, making it a vital component in the global tin industry. As the demand for refined tin continues to grow, ensuring a stable supply of tin ore becomes increasingly important for manufacturers and industries reliant on this versatile metal.

On the regional front, Asia Pacific holds the largest market share for refined tin metal, driven by robust industrial activities and rapid urbanization in countries like China and India. North America and Europe follow, with significant contributions from their well-established automotive and electronics industries. Latin America and the Middle East & Africa region are also witnessing steady growth, albeit at a slower pace, due to their developing industrial sectors and the gradual adoption of modern technologies.

Product Type Analysis

The refined tin metal market is categorized by product types into high-purity tin, standard-purity tin, and low-purity tin. High-purity tin, with its superior quality and fewer impurities, finds extensive applications in high-tech electronics, aerospace, and specialized industrial processes. The demand for high-purity tin is driven by the need for reliable and efficient electronic components, which are critical for the performance of advanced devices and systems. The growth of the aerospace industry, with its stringent material requirements, also fuels the demand for high-purity tin.

Standard-purity tin is widely used across various industries due to its balance of cost and quality. It serves as the primary material in soldering applications for the electronics industry. As the global electronics market continues to expand, driven by consumer electronics, automotive electronics, and industrial applications, the demand for standard-purity tin remains robust. Additionally, this segment benefits from the growing use of tin in packaging, where it is employed in the production of tinplate for food and beverage

Chile Average Price: Tin data was reported at 8.728 USD/lb in Dec 2018. This records an increase from the previous number of 8.681 USD/lb for Nov 2018. Chile Average Price: Tin data is updated monthly, averaging 3.559 USD/lb from Jan 1989 (Median) to Dec 2018, with 360 observations. The data reached an all-time high of 14.998 USD/lb in Apr 2011 and a record low of 1.758 USD/lb in Sep 2001. Chile Average Price: Tin data remains active status in CEIC and is reported by Chilean Copper Commission. The data is categorized under Global Database’s Chile – Table CL.P001: Metal Prices.

China Tin Smelting: Cost of Sales: Year to Date data was reported at 24.867 RMB bn in Oct 2015. This records an increase from the previous number of 22.206 RMB bn for Sep 2015. China Tin Smelting: Cost of Sales: Year to Date data is updated monthly, averaging 12.375 RMB bn from Dec 1998 (Median) to Oct 2015, with 102 observations. The data reached an all-time high of 37.516 RMB bn in Dec 2013 and a record low of 1.611 RMB bn in Feb 2009. China Tin Smelting: Cost of Sales: Year to Date data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Industrial Sector – Table CN.BHU: Common Non Ferrous Metal Smelting: Tin Smelting.

China Producer Goods Price: Non Ferrous Metal: Tin, Number 1 data was reported at 133,744.000 RMB/Ton in 01 May 2020. This records an increase from the previous number of 131,062.000 RMB/Ton for 24 Apr 2020. China Producer Goods Price: Non Ferrous Metal: Tin, Number 1 data is updated daily, averaging 143,692.500 RMB/Ton from Sep 2016 (Median) to 01 May 2020, with 186 observations. The data reached an all-time high of 151,409.000 RMB/Ton in 13 Jan 2017 and a record low of 121,935.000 RMB/Ton in 27 Mar 2020. China Producer Goods Price: Non Ferrous Metal: Tin, Number 1 data remains active status in CEIC and is reported by Ministry of Commerce. The data is categorized under China Premium Database’s Price – Table CN.PA: Ministry of Commerce: Producer Goods Price: Weekly.