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Caixin Global
Caixin Global

Business Brief (June 2): Tin Prices Surge on AI Demand

China

Tin prices surge

Driven by artificial intelligence industry demand, tin prices have jumped 40% over the past six months to 420,000 yuan per ton. Industry estimates suggest global and domestic tin reserves will last about 15 and 12 years, respectively, at current mining rates, likely keeping prices elevated.

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