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Tin Price in 2023

In 2023, the price of tin averaged $25,938 per tonne, down 17.2% from the year before. This page covers the 2023 average, high, low, and year-end close, the events that moved the market, and what that tin would be worth in today's dollars.

2023 Average

$25,938

LME annual average, USD/tonne

Change vs 2022

-17.2%

from $31,335 in 2022

What happened to the tin price in 2023

Tin averaged $25,938 per tonne in 2023, sliding 17.2% from the $31,335 average of 2022. The notable development of 2023: Demand softening after the 2021-22 spike..

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 2023 average of $25,938 equals about $27,436 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 2023?
Tin averaged $25,938 per tonne in 2023, based on World Bank and LME annual average data. That average was down 17.2% from $31,335 in 2022.
What is a 2023 tin price worth in today's dollars?
Adjusted with the US Consumer Price Index, tin's 2023 average of $25,938 works out to roughly $27,436 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 2023?
The defining story of 2023: Demand softening after the 2021-22 spike.. Against that backdrop, the annual average fell 17.2%, from $31,335 in 2022 to $25,938.

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.