The impact of the global tin price surge on the electronic and electrical industry:
Due to the recovery of the global semiconductor industry, demand for semiconductors has picked up, and global tin demand has begun to increase.
At the beginning of 2024, changes in the approval procedures of the Indonesian Ministry of Mines resulted in delays in mining approvals for copper, nickel, and tin ores, which in turn significantly reduced the export volume of refined tin. Given that Indonesia is an important exporter of refined tin in the world, its output accounts for more than 1/5 of the world's total output, and most of it is exported. In addition, the Wa State tin mine has not resumed production, further leading to the global tin supply and demand gap. enlarge.
The China Nonferrous Metals Industry Association stated that the resumption of exports of Indonesian tin ingots will directly affect the supply pattern of the global tin market. The recovery of mining activities in Myanmar's Wa State and changes in domestic tin ore imports are important factors affecting tin prices.
In recent months, the tin ore exported from the Wa State to my country is mainly raw ore stock. Once raw ore stocks are exhausted and mining activities fail to resume normally, it will further affect my country's tin ore supply pattern, which may cause tin prices to continue to rise.
Since tin is an important material inside electronic and electrical products, if tin prices continue to remain high, product price increases will be an inevitable trend.
