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Tin Market

Author

Listed:
  • Mereoru Eufrosina

Abstract

According to data released by the World Bureau of Metal Statistics - WBMS and the International Tin Research Institute (ITRI) in 2013, the world production of tin was estimated at 341 thousand tonnes, up 1.48% compared to 2012. The world tin consumption has increased by about 2.7% from 335 thousand tonnes in 2012 to 344 thousand tonnes in 2013. The balance of tin demand / supply has been weak, falling by 3 thousand tonnes, due to operational problems from the rigorous enforcement of mining regulations, which were imposed by the government to the local producers in Indonesia, the main exporter of tin. The Annual average tin price in 2013 was 22316.38 $/ tonne to approximately 5.72%, higher than the average the same period in 2012 (21107.86 $ / tonne).The Stocks of tin on the London Stock Exchange grew in 2013 to 13385 tonnes compared to 11948 tonnes in 2012.

Suggested Citation

  • Mereoru Eufrosina, 2014. "Tin Market," Conjunctura economiei mondiale / World Economic Studies, Institute for World Economy, Romanian Academy.
    • Handle: RePEc:iem:conjun:y:2014:id:2822000009586079
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