FX.co ★ Tin Rebounds To 1-Week High

Tin futures surged to nearly $32,000 per tonne, marking a one-week high following the US decision to double tariffs on steel and aluminum imports as of June 4. Market participants are increasingly vigilant, monitoring developments in key tin-producing regions and regulatory landscapes to assess the potential impact on supply and pricing fluctuations. Recent reports from China indicate a 2.6% drop in refined tin production for June, bringing the total to 16,285 metric tons, which underscores persistent production challenges. In contrast, Alphamin Resources, a significant industry player, has projected that its Bisie mine in the Democratic Republic of Congo is set to deliver about 20,000 tonnes of contained tin by the close of 2025, bolstered by the full-year contributions from the Mpama South expansion completed in mid-2024.