04.11.202510:29:31UTC+00Tin Rises Holds Annual Increase

In November, tin futures surpassed $36,000 per tonne, continuing their steady ascent since October and reflecting the overall positive trend seen in other base metals this year amid looming supply constraints. Although mining quotas have slowly begun to be implemented following prolonged suspensions in Myanmar, the leading producer, major tin sources are still largely stagnant. Operations at the significant Man Maw mine have been paused since its closure for a resource audit, further exacerbated by logistical issues due to the rainy season and severe infrastructure damage caused by a powerful earthquake in the region. Alternatives are under pressure as well, especially after Indonesia's President Subianto ordered the shutdown of 1,000 illegal tin mines in Sumatra, thereby decreasing output from the world's second-largest supplier. On the demand side, base metals are buoyed by prospects of an impending trade agreement between the United States and China.