Tin futures in the UK fell to $52,000 per tonne from the record high of $59,000 on June 2nd, tracking other base metals as a stronger dollar and higher interest rates momentarily offset the impact of tight supply and soaring AI demand. The greenback strengthened after a strong US jobs report, driving yields to rise globally and pressure the outlook for manufacturers in the short term. Still, futures remained 26% higher year-to-date. Major producer Indonesia doubled down on threats against the illegal mining of tin and seized 500 tonnes of metal from mines without licences. The move consolidated the pledge from Jakarta that it would crack down on mining activity that lack licensing after President Subianto ordered the closure of 1,000 illegal mines in Sumatra, tightening the outlook on supply from the key exporter. Meanwhile, tin's usage in datacenters drove industry players to signal that the metal's demand for AI servers will triple by 2030, aligned with soaring demand in Asia.
Tin rose to 52,848 USD/T on June 11, 2026, up 1.71% from the previous day. Over the past month, Tin's price has fallen 3.58%, but it is still 61.89% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Tin reached an all time high of 200800 in September of 2022. Tin - data, forecasts, historical chart - was last updated on June 13 of 2026.
Tin rose to 52,848 USD/T on June 11, 2026, up 1.71% from the previous day. Over the past month, Tin's price has fallen 3.58%, but it is still 61.89% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Tin is expected to trade at 56224.14 USD/MT by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 63302.89 in 12 months time.