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.

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 (PTINUSDQ) from Q1 1990 to Q1 2025 about tin, World, metals, and price.

Tin prices in , May, 2025 For that commodity indicator, we provide data from January 1960 to May 2025. The average value during that period was 10993.6 USD per metric ton with a minimum of 2162.7 USD per metric ton in May 1960 and a maximum of 43983.35 USD per metric ton in February 2022. | TheGlobalEconomy.com

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

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

Explore the dynamic factors influencing the cost of tin per pound, including market demand, supply chain dynamics, and geopolitical influences. Learn why tin prices fluctuate and how industry developments and economic conditions play a vital role in shaping these changes.

Global Tin Prices: 35 years of historical data from 1990 to 2025.

It is estimated that the price of tin peaked in 2021 at nearly 33,000 U.S. dollars per metric ton, nearly twice as high as in the previous year. In 2022 and 2023, the price of tin decrease, reaching approximately 26,000 U.S. dollars. However, it is estimated that the price of a metric ton of tin could reach 34,000 U.S. dollars by 2026.

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.

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.

Explore the complexities of tin pricing per sheet, including factors like LME benchmarks, processing costs, and demand from sectors like electronics and renewable energy. Understand how supply dynamics and global trends impact the market, with insights into production costs, tariffs, and technological influences.

Interactive monthly chart and 35 years of historical data from 1990 to 2025.

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).

Citi Research raises Q1 2025 tin price forecast to $32,000/ton amid market resilience before tariffs. Bearish outlook for April as U.S. tariffs and Indonesian exports affect prices.

The price of one metric ton of tin stood at 31,782 U.S. dollars worldwide in the first quarter (Q1) of 2025. This reflected a slight increase from the preceding quarter, when the global tin prices amounted to 30,215 U.S. dollars per ton.

The Pakistani tin market skyrocketed to $6.6M in 2024, surging by 22% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a prominent expansion. Over the period under review, the market hit record highs at $10M in 2022; however, from 2023 to 2024, consumption remained at a lower figure.

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

China Tin Smelting: Profit to Cost Ratio data was reported at -7.519 % in Oct 2015. This records a decrease from the previous number of -7.378 % for Sep 2015. China Tin Smelting: Profit to Cost Ratio data is updated monthly, averaging 0.946 % from Dec 2006 (Median) to Oct 2015, with 83 observations. The data reached an all-time high of 6.412 % in Aug 2007 and a record low of -8.734 % in Mar 2015. China Tin Smelting: Profit to Cost Ratio 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.