Tin has seen increased interest at this year’s LME Week so far, with even stronger excitement than seen last year.
Before the LME Metals Debate, a poll showed that only 8% of participants at the event thought tin was the metal with the most upside in the near-term. However, after ITA Senior Market Analyst Tom Langston’s presentation and the debate, delegates put tin in second place at 36%, closely following copper at 46%. This marks an improvement from last year where tin placed second at 23%, again after copper at 42%.
Langston highlighted that tin is 2024’s strongest performing base metal, driven by robust fundamentals in both the short- and long-term.
Representatives from both ITA’s Markets and Sustainability teams attended the LME Annual Dinner. ITA’s sustainability standard, the Tin Code, was also represented at the Dinner as an Approved Partner for the LME’s Responsible Sourcing Rules (Track A).
ITA will attend Thursday’s LME Sustainaibility & Physical Markets Roundtable, and we remain committed to engaging with all stakeholders to support the future of sustainable tin supply.
The week so far has proven a productive and enlightening opportunity for ITA to both engage with industry participants and to highlight the urgent need for greater investment and support for new tin supply.
