FX.co ★ Tin Rebounds from 1-Month Low

Tin futures in the UK climbed above $55,000 per tonne, rebounding from the one‑month low of $51,950 recorded on June 10th, supported by expectations of increased AI‑related infrastructure spending alongside mounting supply concerns. A surge in deals and fundraising by leading AI hyperscalers has brightened the outlook for data center construction, now a major driver of tin demand because of its critical role in soldering applications.

On the supply side, Indonesia has slowed the issuance of export licenses following a regulatory overhaul earlier this year. At the same time, authorities have intensified their crackdown on illegal tin mining, seizing 500 tonnes of metal from unlicensed operations. The action reinforces Jakarta’s commitment to curbing unlicensed mining activity, after President Subianto ordered the closure of 1,000 illegal mines in Sumatra, further tightening supply prospects from one of the world’s key exporters.

As a result, tin futures are trading about 35% higher year‑to‑date, hovering near the all‑time high of $58,750 reached in June.