Supply of Tin Hit with a Slump in Mining, Gets More Expensive

Tin Mining

Tin, a metal mostly used as solder for electrical circuits, is facing a supply slump due to several factors. There is a prolonged drop in mining and the demand for tin continues to remain strong from manufacturers, from makers of food cans and building materials to iPads, smart phones, cars and Oscar statuettes. Following a three-year slump that discouraged investments in mines and smelters, big exporters like Indonesia and Myanmar have shipped less. Industry forecasts show that supplies of tin in 2016 will be the lowest in relative to demand in almost two decades. Tin on the London Metal Exchange has surged into a bull market, after prices in January were at their lowest since 2009.

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