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Tin Price in 2024

In 2024, the price of tin averaged $30,066 per tonne, up 15.9% from the year before. This page covers the 2024 average, high, low, and year-end close, the events that moved the market, and what that tin would be worth in today's dollars.

2024 Average

$30,066

LME annual average, USD/tonne

Change vs 2023

+15.9%

from $25,938 in 2023

What happened to the tin price in 2024

Tin averaged $30,066 per tonne in 2024, climbing 15.9% from the $25,938 average of 2023. The notable development of 2024: Rebound on Indonesian export delays and Myanmar (Wa State) mine suspension..

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 2024 average of $30,066 equals about $30,890 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 2024?
Tin averaged $30,066 per tonne in 2024, based on World Bank and LME annual average data. That average was up 15.9% from $25,938 in 2023.
What is a 2024 tin price worth in today's dollars?
Adjusted with the US Consumer Price Index, tin's 2024 average of $30,066 works out to roughly $30,890 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 2024?
The defining story of 2024: Rebound on Indonesian export delays and Myanmar (Wa State) mine suspension.. Against that backdrop, the annual average climbed 15.9%, from $25,938 in 2023 to $30,066.

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.