The pending August suspension of tin mining in Myanmar will pressure global supply, and propel prices higher in the short to medium term. Myanmar is the third-largest tin concentrate miner, accounting for about 10% of the global supply. Shanghai Metals Market refined tin pricing for July 6 was up over 10% versus June 6. In the same timeframe, lead-based solder bar and lead-free solder pricing rose by 11% per metric ton. Combined with Indonesia's potential export ban of refined tin, a buy-as-needed strategy is necessary until trends become more solidified.
Written by Supplyframe
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