Global tin production increases due to rebound in consumer demand in 2021

Telah Terbit: Feb 22, 2022 14:36
[global tin production increases due to rebound in consumer demand in 2021] Global tin mountain production will be 300000 tons in 2021, up 14% from 264000 tons in 2020. This is the preliminary data released by the US Geological Survey, which also said that the average annual price of LME refined tin is expected to be 1500 cents per pound in 2021, up 93 per cent from 2020. Transport bottlenecks, the reintroduction of COVID-19 blockade restrictions, and supply constraints due to rising demand for electronics and consumer goods are the main reasons for the near doubling of refined tin prices in 2021.

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