Tin Export Ban in Indonesia Likely to Upset Global Supply in the Long Run

SHANGHAI, Nov 24 (SMM) – The news that Indonesia may stop tin exports in 2024 will have more impact on the tin industry in the long term.

At present, the monthly exports of tin ingots in Indonesia average around 6,000 mt, and the annual exports stand at about 70,000-80,000 mt. The global demand for tin ingots is currently about 340,000 mt in 2021. If the tin ingots is banned from exporting in 2024, the increase in global supply outside of Indonesia will not be able to make up for the void in the market caused by the Indonesian policy, therefore the gap will be significantly expanded.