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.

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.

Tin prices rose to record levels in response to high demand from the electronics industry and a severe supply shortage on the market. The deficit has been driven on by pandemic-related decreases in mining output in 2020, the shipping container crisis and a drop in exports due to supply-chain disruptions. Prices are forecast to fall only in 2022 thanks to ramped-up mining output and supply and demand returning to equilibrium.

In 2014, Myanmar (Burma) confounded industry analysts by emerging to become the World's third biggest tin producer, experiencing a 5-year tin production increase of ca. 4900%. This surprise emergence of Myanmar as a major tin producer is a possible Black Swan event that potentially has significant repercussions both for the future of global tin production, and for the economic development of Myanmar. This is a disruptive event that has likely contributed to a substantial drop in tin prices in 2015. The Myanmar production increase came from a new mine site in Wa State, and not from the traditional tin producing areas in the South. We discuss tin mining and potential in Myanmar and consider whether it could provide a foundation for the economic rehabilitation of the country

In July 2022, the tin ore price amounted to $10,832 per ton (FOB, Hong Kong), falling by -57.9% against the previous month.

In 2024, the global tin ores and concentrates market decreased by -16.1% to $5.9B, falling for the second consecutive year after two years of growth. Overall, the total consumption indicated a perceptible expansion from 2012 to 2024: its value increased at an average annual rate of +2.6% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -18.2% against 2022 indices.

In 2025, the price of platinum is forecast to hover around 1,150 U.S. dollars per troy ounce. Meanwhile, the cost of per troy ounce of gold is expected to amount to 1,700 U.S. dollars.

Precious metals

Precious metals are counted among the most valuable commodities worldwide. The most well known such metals are gold, silver and the platinum group metals. A precious metal can be used as an industrial commodity or as an investment. The major areas of application include the following sectors: technology, car-making, industrial manufacturing and jewelry making. Furthermore, gold and silver are used as coinage metals, and gold reserves are held by the central banks of many countries worldwide in order to store value or for use as a redemption medium. The idea behind this procedure is that gold reserves will help secure and stabilize the countries’ respective currencies. At 8,100 tons, the United States is the country with the most extensive stock of gold. It is kept in an underground vault at the New York Federal Reserve Bank.

Russia, the United States, Canada, South Africa and China are the main producers of precious metals. Silver is the most abundant of the metals, followed by gold and palladium. Barrick Gold is the world’s largest gold mining company. The Toronto-based firm produced some five million ounces of gold in 2020. The leading silver producers include Mexico-based Fresnillo, Poland’s KGHM Polska Miedž and the mining giant Glencore. Anglo Platinum and Impala are the key mining companies to produce platinum group metals.

In 2023, Silver prices are expected to settle at around 23.5 U.S. dollars per troy ounce. It is expected to remain the precious metal with the lowest value per ounce. The price of gold is forecast to drop to around 1,663 U.S. dollars per ounce, making it the most expensive precious metal in 2023.

The price of Tin Bar in June 2023 was $34,773 per ton (FOB, Hong Kong), showing a decrease of -4.3% compared to the previous month.

In 2023, overseas purchases of tin decreased by -4% to 801 tons, falling for the second consecutive year after two years of growth.

Lead fell to 2,028.48 USD/T on July 11, 2025, down 0.69% from the previous day. Over the past month, Lead's price has risen 1.60%, but it is still 8.21% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Lead - values, historical data, forecasts and news - updated on July of 2025.

In recent years, the German industry for the production and initial processing of lead, zinc and tin has increasingly come under the influence of stricter regulations and increased sustainability requirements. The use of lead has been increasingly restricted due to stricter environmental and occupational health and safety regulations, particularly in primary production, while the focus is increasingly on recycling and closed material cycles. At the same time, zinc production is entirely dependent on imports, with companies facing growing uncertainties in raw material sourcing and therefore pushing for process optimisation and supplier diversification. Tin only accounts for a small proportion of the sector's turnover. There is a clear trend towards the use of secondary raw materials in tin processing, which is supported by scientific evidence of equivalent quality and makes the industry more flexible and less dependent on international supply chains. Industry turnover increased by an average of 3.8% per year between 2020 and 2025, primarily due to the sharp rise in the price of zinc in 2022.In the current year, industry turnover is expected to increase by 0.5% to 2.9 billion euros. The industry for the production and initial processing of lead, zinc and tin in Germany is facing profound upheaval. The production and processing of lead, zinc and tin in Germany is currently characterised by the targeted securing of its international supply of raw materials and innovative process optimisation. Zinc production is based exclusively on imported concentrates, which means that companies are highly exposed to price fluctuations and geopolitical risks. In response to this, market participants are increasingly focusing on diversifying their sources of supply, concluding long-term supply contracts and optimising hydrometallurgical processes, particularly in electrolytic zinc extraction. At the same time, by-products such as sulphuric acid, silver and indium are gaining in importance, as their industrial utilisation opens up additional revenue streams and increases profitability.Between 2025 and 2030, industry turnover is expected to increase by an average of 0.8% per year to €3.1 billion. The industry for the production and initial processing of lead, zinc and tin in Germany is facing profound upheaval. Stricter EU and federal regulations, particularly for lead, are leading to a significant drop in demand in the construction industry and for consumer batteries. Industry companies are increasingly shifting their focus to recycling, exports and industrial applications. At the same time, the industry is benefiting from the energy transition, as tin and zinc are increasingly being used in renewable energies, electromobility and energy storage technologies. Government subsidy programmes such as climate protection agreements enable necessary investments in low-emission technologies and support the switch to sustainable processes. This strengthens competitiveness and opens up new growth opportunities for the German non-ferrous metals industry.

In 2023, PT Timah Tbk generated revenue of approximately 8.39 trillion Indonesian rupiah. In the same period, the company recorded a net loss of nearly 450 billion Indonesian rupiah. The declining financial performance was driven by several factors, including the falling price of tin in the global market and the impact of illegal mining. PT Timah Tbk is one of Indonesia's largest tin producers and exporters, operating in Bangka Belitung Islands, Riau, South Kalimantan, Southeast Sulawesi, and Banten.

In 2023, PT Timah Tbk recorded a net loss of approximately ****** billion Indonesian rupiah. The decline in the company's financial performance was driven by several factors, including the falling price of tin in the global market and the impact of illegal mining. PT Timah Tbk is one of Indonesia's largest tin producers and exporters, operating in Bangka Belitung Islands, Riau, South Kalimantan, Southeast Sulawesi, and Banten.

In 2024, the Europe tin market decreased by -0.7% to $1.2B, falling for the second year in a row after two years of growth. Overall, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $1.5B in 2022; however, from 2023 to 2024, consumption failed to regain momentum.

Europe's Precious and Non-Ferrous Metal Manufacturing industry has had a volatile run recently, heavily impacted by fluctuating metal prices and the far-reaching effects of the pandemic. A significant presence scattered across the continent, including Germany, France, Italy and Eastern Europe, ensures a highly competitive market. However, it's also laden with challenges due to growing imports from cost-effective Asian countries, primarily China. The high volatility in metal prices, coupled with a drop in demand from various sectors during the pandemic and the recent economic slowdown in 2023 and 2024, has weighed on industry revenue. Still, revenue is projected to contract at a compound annual rate of 6.2% to €321.6 billion over the five years through 2025. The easing of restrictions and the rebound in economic activity brought a surge in demand for metals from downstream manufacturing industries and construction in 2021. However, soaring inflation in 2022 and the energy crisis triggered by the Russia-Ukraine conflict disrupted manufacturers heavily by severely raising production costs. Even though gold prices remained high due to ongoing uncertainty, reduced demand adversely affected most non-ferrous metals. Metal price fluctuations and intense competition, including inexpensive imports from China, have constrained profit since 2022. Demand from car manufacturers and the boom in electric vehicles (EVs) should bolster growth prospects. The rising use of aluminium and copper in EVs offers opportunities for non-ferrous metal manufacturers. Expanding the construction sector across Europe will also fuel demand for non-ferrous metals. However, fluctuating metal prices and competition from Asian, primarily Chinese, imports could somewhat dampen growth. Sustainability will be a significant factor in shaping the industry's trajectory. European manufacturers will need to align with the push for a circular economy and focus on reducing CO2 emissions through modernised processes and recycling practices. Revenue is forecast to expand at a compound annual rate of 6.3% to €437.4 billion over the five years through 2030.

The global market for tin-coated copper wire (PV ribbon) used in solar energy applications is experiencing robust growth, driven by the increasing demand for solar power globally. The expanding solar energy sector, coupled with the inherent advantages of tin-coated copper wire – namely its excellent conductivity, solderability, and corrosion resistance – are key factors fueling this expansion. The market is segmented by application (solar battery, solar modules to the junction box, film substrate) and type (connection PV ribbon, busbar PV ribbon). While precise market sizing data is unavailable, a reasonable estimate based on industry reports and the stated CAGR suggests a 2025 market value in the range of $500-700 million, given the substantial growth observed in the broader solar industry. The CAGR (let's assume 8% for illustration), indicates consistent expansion throughout the forecast period (2025-2033). This growth is expected to continue due to governmental initiatives promoting renewable energy, decreasing solar panel prices, and technological advancements leading to improved efficiency and lower production costs of PV ribbons. Key restraints include fluctuations in raw material prices (copper and tin), and the emergence of alternative interconnect technologies. However, the overall outlook remains positive, with significant opportunities for growth in developing economies experiencing rapid solar energy adoption. The competitive landscape is characterized by a mix of established international players and regional manufacturers. Companies like Ulbrich, Bruker-Spaleck, and Luvata Oy hold significant market share due to their established production capabilities and global reach. However, the presence of numerous Chinese manufacturers indicates a growing domestic production capacity, which could influence future market dynamics and pricing. Regional variations in market growth are anticipated, with Asia-Pacific (particularly China and India) expected to dominate due to the large-scale solar installations underway in these regions. North America and Europe are also expected to demonstrate substantial growth, driven by government policies and rising environmental awareness. The diverse application segments will also influence future market trends. For example, the growing demand for high-efficiency solar modules will likely stimulate demand for higher-quality and more specialized PV ribbons.

Europe's Precious and Non-Ferrous Metal Manufacturing industry has had a volatile run recently, heavily impacted by fluctuating metal prices and the far-reaching effects of the pandemic. A significant presence scattered across the continent, including Germany, France, Italy and Eastern Europe, ensures a highly competitive market. However, it's also laden with challenges due to growing imports from cost-effective Asian countries, primarily China. The high volatility in metal prices, coupled with a drop in demand from various sectors during the pandemic and the recent economic slowdown in 2023 and 2024, has weighed on industry revenue. Still, revenue is projected to contract at a compound annual rate of 6.2% to €321.6 billion over the five years through 2025. The easing of restrictions and the rebound in economic activity brought a surge in demand for metals from downstream manufacturing industries and construction in 2021. However, soaring inflation in 2022 and the energy crisis triggered by the Russia-Ukraine conflict disrupted manufacturers heavily by severely raising production costs. Even though gold prices remained high due to ongoing uncertainty, reduced demand adversely affected most non-ferrous metals. Metal price fluctuations and intense competition, including inexpensive imports from China, have constrained profit since 2022. Demand from car manufacturers and the boom in electric vehicles (EVs) should bolster growth prospects. The rising use of aluminium and copper in EVs offers opportunities for non-ferrous metal manufacturers. Expanding the construction sector across Europe will also fuel demand for non-ferrous metals. However, fluctuating metal prices and competition from Asian, primarily Chinese, imports could somewhat dampen growth. Sustainability will be a significant factor in shaping the industry's trajectory. European manufacturers will need to align with the push for a circular economy and focus on reducing CO2 emissions through modernised processes and recycling practices. Revenue is forecast to expand at a compound annual rate of 6.3% to €437.4 billion over the five years through 2030.

In 2024, the New Zealand tin market decreased by -58.4% to $554K, falling for the second year in a row after two years of growth. In general, consumption continues to indicate a abrupt decline. Tin consumption peaked at $2.1M in 2022; however, from 2023 to 2024, consumption failed to regain momentum.

Zinc fell to 2,737.50 USD/T on July 11, 2025, down 1.60% from the previous day. Over the past month, Zinc's price has risen 3.51%, but it is still 6.98% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Zinc - values, historical data, forecasts and news - updated on July of 2025.

In 2024, the German tin market decreased by -11% to $293M, falling for the second consecutive year after two years of growth. In general, consumption recorded a perceptible setback. Tin consumption peaked at $493M in 2022; however, from 2023 to 2024, consumption remained at a lower figure.