Asia
In Asia, tin prices remained strong in Q4’25 due to tight supply from Indonesia and Myanmar. The Indonesian government cracked down on illegal mining and required miners to submit new annual work plans, which limited production. Myanmar’s Man Maw mine was slowly restarting under controlled permits, but shipments were still uncertain. These supply constraints coincided with steady demand from electronics, e-mobility, and renewable energy sectors. Buyers were eager to secure available material, while smelters competed for concentrate, keeping tin prices elevated through the quarter.
Europe
In Europe, tin prices followed the firm trend set in Asia. Supply limitations in Southeast Asia affected European importers, and steady industrial demand, particularly for semiconductors and solar applications, supported prices. Buyers were cautious but willing to pay higher rates to ensure supply. Market activity was generally stable, though occasional delays in shipments kept some pressure on inventories and maintained price strength.
North America
In North America, tin prices were also strong in Q4’25. Limited imports from Asia created competition among distributors and industrial users. Demand from electronics, automotive, and renewable energy industries remained steady, while cautious buying prevented oversupply. Prices stayed high as buyers focused on securing sufficient stocks, and the overall market mirrored the upward trends seen in Asia and Europe.