Tin premiums rose again in the week to Tuesday April 20 to new all-time highs in all regions as a result of the constrained supply situation that the tin market is facing globally, together with increased demand.
Most premiums assessed by Fastmarkets in the United States, Europe and Taiwan were now around or above $1,000 per tonne, with deals in the US at more than $2,000 per tonne becoming common.
Delays in exports out of key smelters such as MSC in Malaysia, Minsur in Peru and Taboca in Brazil, have continued to worry tin consumers in the European and US markets.PT Timah, the second-largest producer in the world, recently said that it would produce 34,000 tonnes of refined tin this year, down by 25.6% from 45,698 tonnes in 2020.Indonesian refined tin exports fell by 29.5% year-on-year to 4,539 tonnes in March 2021.The London Metal Exchange cash price was $28,275 per tonne on April 21, with the three-month price oscillating around the $27,000 per tonne mark.
European tin premiums hit new highs
Premiums for tin in...