en.Wedoany.com Reported - Data released by Indonesia's Ministry of Trade shows that the country's refined tin exports in April 2026 amounted to 2,254.83 metric tons, a decrease of 53.7% compared to the same period in 2025, and also a significant drop from the 4,655.03 metric tons exported in March of the same year. Observing the monthly trend, Indonesia's tin exports had grown by 69.43% year-on-year in January this year, but recorded year-on-year declines of 7.45%, 19.46%, and 53.66% in February, March, and April respectively, indicating a progressively worsening export contraction trend. Comparing with monthly data from 2025, Indonesia's refined tin exports from April to June last year were all maintained above 4,400 metric tons, reaching a high of 5,458.74 metric tons in May. The export volume in April this year was less than half of the figure for the same period last year.
The core reason for this phenomenon lies in adjustments to the export licensing approval process. Indonesia's Ministry of Trade previously issued two new regulations on March 17, 2026, systematically adjusting the export licensing system for mineral products including tin, with the policy officially taking effect on April 1, 2026. Entering the second quarter, due to the rescheduling of the RKAB (Mining Operation Plan) timetable, tin trading volume on the Indonesian exchange has been only 150 metric tons since April. Indonesia's Ministry of Energy and Mineral Resources has confirmed that the relevant approval work is underway, and exports are expected to gradually recover in the coming weeks.
On the policy front, Indonesia's Ministry of Energy and Mineral Resources plans to raise the top tier of the progressive royalty rate for tin from "10% applicable when tin price exceeds $40,000" to "20% applicable when tin price exceeds $50,000," potentially increasing the maximum tax rate on tin products from 10% to 20%. The Indonesian government stated on May 11 that it will postpone the implementation of the originally planned new scheme to increase mining royalties and related mineral product export taxes, and will make a decision after re-evaluating feedback from all parties and refining the calculation formula. Additionally, Citigroup released a report maintaining a neutral assessment on tin prices, with a target price of $50,000 per metric ton, while the three-month LME tin futures closed at $49,910.00 per metric ton on April 23, operating in a high range.
This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com
