LME tin trades at ~$50,215/t in late May 2026, up 58% YoY and near all-time highs after peaking above $54,000 in January. Supply constraints from Myanmar and Indonesia drive the rally.
Myanmar's Wa State export restrictions since February 2024 have reduced ore outflows ~40%. Man Maw mine remains under controlled permits with uncertain shipments.
Indonesia delayed RKAB approvals under a one-year cycle rule change. The 2026 quota of ~60,000t remains under review.
Combined LME+SHFE stocks rose from 11,000t to 19,000t as producers delivered into the rally, but this does not ease the underlying deficit.
Tin's supply outlook remains structurally tight. Forward purchasing with supplier diversification across origins provides best risk management.
Tin's supply outlook remains structurally tight. Forward purchasing with supplier diversification across origins provides best risk management.