Jakarta, April 30, 2025 – PT TIMAH Tbk (“the Company”; IDX: TINS) today announced its Consolidated Financial Statements for the period ended March 31, 2025.
During the first quarter of 2025, tin demand remained strong, especially for solder needs in the electronics and electric car industries, but global tin supplies were limited due to production disruptions in Indonesia, Myanmar, and the Democratic Republic of Congo. Meanwhile, the movement of tin metal prices showed slight fluctuations influenced by global factors, one of which was the uncertainty of US trade tariff policy. On the other hand, tin prices are still following other base metals as the macroeconomic outlook continues to influence price movements.
The average price of tin metal on the London Metal Exchange (LME) Cash Settlement Price in the first quarter of 2025 was USD31,804.37 per metric ton, an increase of 21.2% compared to the same period of the previous year of USD26,235.87 per metric ton. Meanwhile, Bloomberg's tin price projection is in the range of USD29,000 – 33,000 per metric ton.
Tin inventories in LME warehouses at the end of March 2025 stood at 3,050 tonnes, down 35.9% from the beginning of 2025 at 4,760 tonnes.
Based on the CRU Tin Monitor, global tin metal production growth in the first quarter of 2025 is estimated to increase by 7.4% (YoY) to 87,759 tons. Meanwhile, global tin metal consumption in the first quarter of 2025 is estimated to increase by 1.2% (YoY) to 92,890 tons.(*)
Read more: Press Release and First Quarter 1 2025
