Tin still flying high despite resurgent production

The problem is that LME stocks have been simultaneously leaving Asian locations such as Port Klang and Singapore, quite possibly to China, which flipped back to being a net importer in the first quarter of the year. (File pic shows tin smelting

LONDON:Global refined tin production surged by 11% to 378,400 tonnes last year, according to the International Tin Association (ITA).

The world's tin supply is dominated by a handful of big producers, many of which were forced to halt or curtail operations during pandemic lockdowns in 2020. Most of them staged a strong recovery in 2021.