Global tin market
As per a report by Resource Capital Research, in 2008, tin production from mines was estimated at ~333kt, up from 320kt in 2007. Of this, 72% was mined in China and Indonesia. Amid financial crisis, tin prices, which peaked at US$25,495/t in May 2008, slumped by more than 50% in five months. The price is currently around US$11,425/t. It is expected that tin production in 2009 would fall by 6.5% to reach 305kt.
