Tin Price in 2004

In 2004, the price of tin averaged $8,513 per tonne, up 73.9% from the year before. This page covers the 2004 average, high, low, and year-end close, the events that moved the market, and what that tin would be worth in today's dollars.

2004 Average

$8,513

LME annual average, USD/tonne

Change vs 2003

+73.9%

from $4,895 in 2003

What happened to the tin price in 2004

Tin averaged $8,513 per tonne in 2004, surging 73.9% from the $4,895 average of 2003. Annual moves of that size are rare and put 2004 among the most explosive years in the metal's modern history. The defining story of 2004: Price nearly doubled on Chinese demand..

After a multi-decade low near $4,060 in 2002, the China supercycle and Indonesian supply disruptions drove tin above $14,500 by 2007, with a 2008 crisis dip.

Adjusted for inflation, tin's 2004 average of $8,513 equals about $14,525 in today's dollars. The conversion uses US Bureau of Labor Statistics CPI-U annual averages, so treat it as a close approximation rather than an exact figure.

Frequently Asked Questions

What was the price of tin in 2004?

Tin averaged $8,513 per tonne in 2004, based on World Bank and LME annual average data. That average was up 73.9% from $4,895 in 2003.

What is a 2004 tin price worth in today's dollars?

Adjusted with the US Consumer Price Index, tin's 2004 average of $8,513 works out to roughly $14,525 in today's dollars, using 2025 as the CPI base year. The conversion uses BLS CPI-U annual averages, so treat it as a close approximation rather than an exact figure.

What moved the tin price in 2004?

The defining story of 2004: Price nearly doubled on Chinese demand.. Against that backdrop, the annual average climbed 73.9%, from $4,895 in 2003 to $8,513.

Annual averages are World Bank and LME tin prices per tonne in US dollars (LME cash and settlement basis). The 1985 to 1988 values reflect the Kuala Lumpur Tin Market basis during the LME tin-trading suspension, and the 2025 figure is preliminary. Where daily data exists, the per-year high, low, and close come from MetalCharts historical data. Inflation adjustments use BLS CPI-U annual averages.