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Metallurgy in the world
Main article: Metallurgy in the world
Russian market
Copper mining
Main article: Copper mining and production
2024:10 of the world's largest tin producers
The production of refined tin in the world in 2024 decreased by 2.7% compared to 2023, amounting to 371.2 thousand tons. This is evidenced by data from the International Tin Association (ITA), which was published in March 2025.
The top 10 producers continued to dominate the market, taking nearly 63% of the global market volume. These enterprises increased their tin output in 2024 by 7%, adding a total of 14.3 thousand tons.
The leadership in the market was retained by the Chinese company Yunnan Tin Co. (YTC), which is well ahead of competitors in terms of output. Peruvian Minsur remained on the second line, and the Chinese Yunnan Chengfeng closed the top three, as in the previous year.
Indonesia's PT Timah, which has lost ground in the world rankings for the past few years, increased production by 23.3% in 2024. This allowed the company to rise to fourth place, pushing Malaysia Smelting Corp to fifth place
The volume of tin production in mainland China in 2024 amounted to 194 thousand tons, which is 4.6% more than in 2023. This growth was driven by a significant increase in recycling of the metal, which grew by 14.9%.
At the global level, in 2024 there was a shortage of tin at the level of about 2.2 thousand tons, which emphasizes the instability in the market. However, according to ITA forecasts, in 2025 the market situation may stabilize, taking into account the growth of production volumes and the possible oversupply of metal.
The ITA (formerly ITRI) was established in 1932 in London and brings together companies involved in the production and processing of tin around the world. Its members account for about 73% of the global output of this metal (as of 2024).
2021
Dynamics of metal prices at the end of the year: tin is the leader
Tin is the best exchange metal with 93% growth in 2021.
Iron ore has suffered a tumultuous collapse from above $200 a tonne to below $100, amid waning Chinese appetite.
After a tumultuous 2021 dominated by a shrinking supply, China's real estate-related economic downturn and a global energy crisis hinting at coming disruptions, metals are in for a new drama.
The contours of the main drivers of 2022 are already visible. Dangerously low inventories have become a major theme for all metals, a trend that will continue into next year - especially if the global economy continues to improve.
Beijing's measures to stimulate the economy could create a solid foundation for China's steel industry, while the Fed's tightening policy and steady inflation will hinder price increases elsewhere.
Expectation of aluminum shortage in the global market
In July 2021, the oversupply of aluminum, which has dominated the market and held prices back for more than a decade, is expected to go away, with buyers bracing for a new era of shortages and rising prices.
Demand for aluminium is projected to grow thanks to investment in the fight against climate change, with mega-producer China tightening controls on aluminium smelting to meet green targets.
Notes
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