Jakarta, April 8, 2025 - PT TIMAH Tbk ('the Company"; IDX: TINS) today announced its audited Consolidated Financial Statements for the year ended December 31, 2024.
Throughout 2024, global tin metal prices fluctuated amid macroeconomic uncertainty and supply developments that continue to dominate the market outlook. The average price of tin metal at the London Metal Exchange (LME) Cash Settlement Price in 2024 is USD 30,177.45 per ton, an increase of 16.3% compared to the previous year of USD 25,959.04 per ton, and the Bloomberg version of tin price projections is in the range of USD 28,000 - 31,000 per metric ton. Tin inventories in LME warehouses at the end of December 2024 stood at 4,800 tonnes, down 35.6% from the beginning of 2024 (January 5, 2024) at 7,450 tonnes.
Based on the CRU Tin Monitor (February 2025), global tin metal production growth in 2024 is estimated to increase by 1.4% (YoY0 to 371,880 tons. Meanwhile, global tin metal consumption in 2024 is estimated to decline by 2.6% (YoY) to 372,720 tons.
Read more: Press Release & Financial Report Full Years 2024
