Global tin prices recorded a significant strengthening throughout the\nfirst quarter of 2026. This price increase serves as a catalyst for the\nperformance of the national tin industry while opening greater\nopportunities to accelerate the downstream industrial programme. The\naverage Cash Settlement Price (CSP) of tin on the London Metal Exchange\n(LME) during this period was recorded at 48,679.68 USD per metric tonne,\na 34.7 per cent surge compared to the first quarter of 2025, which stood\nat 36,134.37 USD per metric tonne.<\/p>\n
In terms of demand, the global tin consumption structure shows a\npositive trend. Approximately 50 per cent of consumption is supported by\nthe solder segment, which is closely linked to the semiconductor and\nelectronics industries. The outlook for this segment remains strong due\nto the accelerated adoption of Artificial Intelligence (AI), the\nexpansion of data centres, the development of energy storage\ntechnologies, and increased investment in electrical infrastructure.\nThis condition presents a strategic opportunity for Indonesia to\nstrengthen the national tin industry through the development of the\ndownstream sector and the enhancement of domestic value-added\nprocesses.<\/p>\n
According to the CRU Tin Monitor, global tin metal production in the\nfirst quarter of 2026 reached 90,645 tonnes, while consumption was\nestimated at 89,036 tonnes, indicating a relatively solid market\nbalance. In line with global market developments, PT Timah Tbk (TINS), a\nmember of the MIND ID mining industry holding company, recorded\nsignificant performance. The company booked revenue of IDR 5.47\ntrillion, a 160.5 per cent growth compared to IDR 2.10 trillion in the\nsame period the previous year.<\/p>\n
Lukman Leong, Chief Analyst at Doo Financial Futures, assessed that\nthis performance improvement was driven by the improving conditions of\nthe global tin industry. \u201cTin performance was driven by the rise in\nglobal tin prices, improved exports, increased production, as well as\noperational efficiency and a reduction in several cost burdens,\u201d he\nstated.<\/p>\n
From an operational perspective, up to the first quarter of 2026,\nTINS recorded tin ore production of 6,312 tonnes Sn, an increase of 96\nper cent compared to 3,225 tonnes Sn in the same period last year. Tin\nmetal production also rose by 82 per cent to 5,630 metric tonnes Sn from\n3,095 metric tonnes Sn. Tin metal sales surged by 113 per cent to 6,009\nmetric tonnes from 2,824 metric tonnes in the first quarter of 2025. The\ncompany also benefited from an increase in the average selling price of\ntin metal to 49,221 USD per metric tonne, up 51 per cent compared to\n32,495 USD per metric tonne in the same period last year.<\/p>\n
In terms of market share, sales were still dominated by exports,\ncontributing 97 per cent. China remains the primary destination,\naccounting for 48 per cent of total exports. Amidst this strengthening\nperformance, MIND ID continues to push the transformation of the\nnational tin industry through the strengthening of downstreaming. Tin is\nno longer positioned solely as a primary commodity, but as part of a\nhigh-value-added industrial ecosystem. The development of derivative\nproducts such as solder, tin chemicals, and supporting materials for the\nelectronics industry is the focus to expand Indonesia\u2019s role in the\nglobal supply chain. This step is expected to increase domestic\nvalue-add while strengthening the competitiveness of the national\nindustry. MIND ID is currently the controlling shareholder of TINS with\na 65 per cent stake, while the public holds approximately 34.9 per cent.\nThis position places MIND ID as the consolidator of the national tin\nindustry, integrating resource management from upstream to downstream to\nstrengthen Indonesia\u2019s competitiveness in the global market.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/tin-prices-surge-by-34-per-cent-driving-acceleration-of-national-downstreaming-1780868916", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }