there are still uncertainty. Man Maw mines (the biggest) still not yet operate back, rumors said April 24, 2 mth to restart operation, then June only start fully operate. meanwhile, indonesia try to settle their permit renewal issue, target end of March. Peru side, i no idea. but tin storage level in china is reducing
if the scenario play out, indonesia wont be able to catch up to meet production in 2024. same goes with Myammar Wa Region. Australia had the potential to rise as new player, high grade tin with a stable geopolitical, however that would still take 1-2 year to get it online.
Tin futures traded around $27,100 per tonne, marking a three-week high due to supply threats and a positive demand outlook. A near cessation of exports in January occurred due to delays in approving annual mine work plans in Indonesia, a decline from the 6,000 tons recorded in the preceding month. Despite a partial resumption of mining in Myanmar's Wa State, which had been banned in August 2023, uncertainties persist, posing supply risks. This region contributes 70% of Myanmar's tin output, making it the world's third-largest tin producer and a significant supplier to China. The global tin market is projected to shift from a surplus of 6,000 tons in the previous year to a deficit of 5,000 tons in 2024. On the demand side, rising sales in semiconductors and technology, especially in AI and automotive chips, are expected to bolster tin prices, supported by increased global demand for semiconductors
Even assuming a speedy resumption of Indonesian exports and mining in Myanmar, tin supply over the next few months looks challenging. The longer-term threat is of future supply disruption as resource nationalism drives both governments further down the road of export controls. Tin's use as a circuit-board solder makes it a critical mineral both for the current generation of electronics and the coming internet of things. Yet it is one with an incredibly fragile supply chain, beholden to the politics of Indonesia and the United Wa State Army. This year's supply squeeze may be just a taster of things to come for tin.
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hng33
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Posted by hng33 > 2024-01-23 10:15 | Report Abuse
bought back msc at 2.01-2.05