24.06.202608:48:37UTC+00Tin Drops to Near 2-Month Low

Tin futures in the UK fell to $51,100 per tonne in late June, their lowest level in over seven weeks, as sentiment toward AI-related infrastructure turned bearish. Shares of chipmakers and data center developers slumped in both Asia and the US amid renewed doubts over whether AI companies will maintain the previously signaled pace of capital spending in the sector.

The earlier surge in tin prices had been driven by a wave of deals and investment in computing capacity, reflecting tin’s key role in data centers through its use in soldering. Industry participants had projected that tin demand from AI servers would triple by 2030.

Despite the weaker demand outlook, supply conditions remained tight. Indonesia, a major producer, continued to restrict the issuance of export licenses due to bottlenecks in its licensing system, sending refined tin exports down more than 40% year-on-year in May to 3,246 tonnes. At the same time, Jakarta intensified its crackdown on illegal tin mining, seizing 500 tonnes of metal from unlicensed operations.