Tin futures in the UK traded above $54,800 per tonne, retaining most of their gains since the beginning of the third quarter amid expectations of robust demand. Consumption has been supported by accelerating electrification and the build‑out of AI infrastructure, given tin’s wide-ranging applications in data centers and battery storage facilities.
Strong order growth reported by Nvidia in its latest results, alongside sustained demand at memory manufacturers Samsung and SK Hynix, reinforced the outlook for continued expansion of AI-related infrastructure. Owing to its key role in precision soldering for AI hardware, industry participants now expect tin demand from AI servers to triple by 2030.
On the supply side, exports from major producer Indonesia remained subdued after Jakarta scaled back the issuance of export licenses. In addition, authorities tightened mining permit requirements and seized 500 tonnes of tin from operations lacking proper licenses.
