Indonesia in November increased tin exports by 2.8 times, to almost 7.46 thousand tons (worth $268 million), the country's Ministry of Trade reported.
In October, exports fell to 2.64 thousand tons, the lowest level since January. It comes as Indonesian President Prabowo Subianto has ordered authorities to crack down on illegal mines in the country's largest tin-producing region, Bangka Belitung. Tin prices, which have jumped 41% this year, are the best performer on the London Metal Exchange. Investors are betting on rising consumption in the AI industry at a time when supplies from other major producing countries, the Republic of Congo and Myanmar, have also faced disruptions.
Mysteel Global estimates that the global tin market will turn into a surplus in 2026, thanks to increased supplies, particularly from Myanmar.
Indonesia is the world's largest tin exporter.
