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Tin Price in 2021

In 2021, the price of tin averaged $32,384 per tonne, up 89.1% from the year before. This page covers the 2021 average, high, low, and year-end close, the events that moved the market, and what that tin would be worth in today's dollars.

2021 Average

$32,384

LME annual average, USD/tonne

Change vs 2020

+89.1%

from $17,125 in 2020

2021 High

$39,975

from daily trading data

2021 Low

$20,725

from daily trading data

Year-End Close

$38,860

last trading day of 2021

What happened to the tin price in 2021

Tin averaged $32,384 per tonne in 2021, surging 89.1% from the $17,125 average of 2020. Annual moves of that size are rare and put 2021 among the most explosive years in the metal's modern history. Daily trading data shows tin moved between a low of $20,725 and a high of $39,975 during the year, ending 2021 at $38,860. The defining story of 2021: Highest annual average on record: post-COVID electronics/solder demand plus supply-chain breaks and record-low LME stocks..

After a COVID low near $17,000, a post-pandemic electronics and solder squeeze pushed tin to record annual averages above $31,000 in 2021-2022, with an intraday high near $51,000, and supply tightness from Myanmar and Indonesia carried into 2024-2025.

Adjusted for inflation, tin's 2021 average of $32,384 equals about $38,514 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 2021?
Tin averaged $32,384 per tonne in 2021, based on World Bank and LME annual average data. Daily prices ranged from a low of $20,725 to a high of $39,975, and the year closed at $38,860. That average was up 89.1% from $17,125 in 2020.
What is a 2021 tin price worth in today's dollars?
Adjusted with the US Consumer Price Index, tin's 2021 average of $32,384 works out to roughly $38,514 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 2021?
The defining story of 2021: Highest annual average on record: post-COVID electronics/solder demand plus supply-chain breaks and record-low LME stocks.. Against that backdrop, the annual average climbed 89.1%, from $17,125 in 2020 to $32,384.

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.