PT Timah: Data Centres and Solar Panels to Drive Future Tin Demand

State-owned mining company PT Timah Tbk (TINS) has identified several new sectors projected to drive global tin demand in the future. PT Timah Deputy President Director Harry Budi Sidharta revealed that these two sectors are data centres and solar panels. “Solar panels and data centres are the drivers of growth in tin demand,” Harry said during a media discussion session in Jakarta on Thursday. Harry confirmed that global tin demand has been relatively stable, as most of it is used for industrial purposes, particularly electronics. In terms of resources, he stated that Indonesia remains one of the world’s primary tin-producing regions, with a tin mineralisation belt stretching from the Bangka Belitung Islands to the Riau Islands, providing a strategic advantage not shared by many countries. “In Indonesia, tin is only found in Bangka, a little in Belitung and Kundur; there is nowhere else in Indonesia. The tin vein runs from Bangka, with a little in West Kalimantan, then up to Myanmar and China. That is the tin vein and it does not go anywhere else,” Harry explained. Amidst the positive outlook, he affirmed that the company will focus on maintaining supply sustainability through exploration and reserve additions. Harry disclosed that the company is currently evaluating the development of deeper marine mining and the development of primary onshore mining as efforts to sustain future production. In addition to increasing exploration, he added, the company is also preparing various technological studies to support more complex mining operations. “In the future, we will be mining at sea, possibly at greater depths. We are currently evaluating our vessels to be able to mine deeper in the sea, while on land we are moving into primary mining,” Harry said. The company currently holds a Work Plan and Budget (RKAB) of 30,000 tonnes, targeting a long-term production increase in line with efforts to grow its reserves and resources. In the first quarter of 2026, PT Timah Tbk posted a net profit of Rp1.5 trillion, equivalent to 595 percent of the set target of Rp252 billion. The company’s net profit was supported by a rise in global tin prices as well as an increase in production and sales volumes. The company recorded revenue of Rp5.47 trillion in Q1 2026, growing 160.5 percent year-on-year (yoy) compared to Rp2.10 trillion in the same period last year.