Tin price outlook dims in 2022, report

Following on the heels of record-setting tin prices in 2021, the price outlook for 2022 is slightly softer as continued demand growth spurs increased investment to bolster metal supply, says a new report by IndexBox, Inc. https://www.globenewswire.com/news-release/2022/01/04/2360979/0/en/Tin-Prices-Are-Expected-to-Decline-Slightly-in-2022-IndexBox.html

The market researcher quotes the October World Bank’s forecast as probably correct in predicting the average annual tin price will reduce by 0.8%, from $31,250 per tonne in 2021 to $31,000 per tonne in 2022.

“However, prices won’t return to pre-pandemic levels due to the high cost of energy resources,” says IndexBox in a media release.

Tin prices were on a tear in 2021, rising from $21,920 per tonne in January to $39,159 per tonne. That’s a gain of nearly 79%, marking tin as one of the best-performing commodities in 2021.