The tin market appears to be catching its breath at the moment. After three months of almost relentless selling, the price has been trading around the US$ 25,000/tonne mark for the last week.
Although there is plenty of macro negativity – and demand has weakened following a strong first quarter – things are beginning to look more balanced.
Smelters in China and Indonesia have cut production, while artisanal sources of concentrate have reportedly switched to other commodities. It remains to be seen whether this can outweigh recession fears, however.
Our world is changing very fast. Over the next decade we can expect very significant shifts in geopolitics, demographics, climate, supply chains, technologies, ESG regulation and commodity investment.