Investor Presentaiton
Ⓒ Tin supply hiatus in H2 2023
TWO LARGEST TIN PRODUCERS PROPOSE EXPORT
RESTRICTIONS
Supply-demand balance for tin in kilotonnes, 2010-2030
Myanmar:
•
The Wa State announced a suspension of all mining operations from
August 1st 2023 and has confiscated all mineral rights owned privately
Chinese smelters dependent on Wa State tin concentrate supply are
forecast by the International Tin Association to have enough
concentrate inventories to last until September before refined tin supply
will be affected
The region accounts for approximately 10% of global tin supply
Indonesia:
Indonesian tin supply is forecast to fall 12% in 2023 as the local
regulator has delayed 8 out of 33 private smelter license renewals
Indonesia's Ministry of Energy and Mineral Resources (ESDM) has
passed a decree (Nbr. 296) that classes tin as critical due to its
importance for economic growth and the global energy transition
500
450
400
350
300
250
200
FIRST TIN INVESTOR PRESENTATION | Q4 2023
2010
2011
2012
■Primary supply
2013
2014
2015
2016
2017
2018
2019
2020
2021
Secondary supply
Probable mine supply
-Refined consumption
Source: Wood Mackenzie, ITA, USGS, Metallum Commodity Consulting
2022
2023
2024
2025
2026
2027
2028
2029
2030
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