SMM Analyst Predicts Slight Tin Market Surplus in 2025 with Price Fluctuations Led by Structural Contradictions

Published: Jun 5, 2025 16:52

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[Indonesia Conference | SMM: Global tin market may shift to a slight surplus in 2025, but structural contradictions will dominate tin price fluctuations] Chen Peng, Senior Analyst of Tin at SMM, discussed the changes in the global tin industry chain's pattern and future development trends. In 2024, the tin market achieved a tight balance amid supply disruptions and demand differentiation, and is expected to shift to a slight surplus in 2025. However, structural contradictions (uneven recovery of regional supply, growth of emerging demand) will dominate price fluctuations. The market needs to focus on the pace of production resumptions in Myanmar, Indonesia's exports, and the semiconductor industry's recovery, while guarding against unexpected impacts from macro policies and geopolitical risks.

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