★ It is unclear when the mines in Myanmar will resume production
In 2023, Myanmar's mining ban led to a large area of production suspension, and the stock of raw ore in most dressing plants gradually bottomed out. In 2024, Myanmar has not yet issued a clear policy, and the time for Myanmar's mines to resume production is unknown, and the industry is increasingly worried about the tightening of supply.
★ Africa and South America have huge supply potential
In 2023, Chinese companies have deployed tin resources in Africa and South America to fill the supply gap of nearly 4,000 metal tons caused by Myanmar's mining ban. In 2024, the supply potential of mines in Africa and South America will be further released.
★ Indonesian tin ingot exports are expected to decrease
In 2023, most of Indonesia's smelters are unable to produce normally due to limited export quotas, and the international market is increasingly worried about tin ingot supply. In 2024, Indonesia's export quota approval process is slow, and the volume of exports may decline YoY.
★ Chinese tins solder market has a bright future
In 2023, terminal demand declined YoY, and Chinese tin solder market is difficult to be optimistic. In 2024, the national electronic equipment trade-in policy, the continued growth of the demand for photovoltaic and new energy industries, and the increase in the application of AI in electronic products will promote the steady development of the tin solder market.
