Indonesian state-owned tin producer PT Timah achieved refined tin production of 5,630 mt in Q1 2026, a significant increase of 81.9% YoY. During the same period, PT Timah's refined tin sales volume was 6,009 mt at an average price of $49,221/mt, generating revenue of 5.47 trillion Indonesian rupiah (approximately 2.291 billion yuan), up 160.5% YoY.
According to the company's report, tin-in-ore production from its onshore and offshore operations reached 6,312 mt in Q1, up 96.3% YoY. The company attributed this growth to improved production efficiency, an increased number of operating vessels within permitted areas, and higher production from cooperative onshore mines (including small-scale mines and onshore suction dredge pontoon operations). Improved security conditions in mining areas also strongly supported production growth, effectively reducing the impact of illegal mining.
![Multiple Positive Factors Converge, SHFE Tin Surges Again [Wenhua Observation]](https://imgqn.smm.cn/usercenter/nyMyJ20251217171751.jpg)

![Multiple Macro Factors Drove Futures Higher, Spot Market Fell into Stalemate with Scarce Transactions [SMM Tin Midday Review]](https://imgqn.smm.cn/usercenter/nBLhE20251217171750.jpg)
