Tin Stocks

Tin is a critical enabler of electronics and the energy transition, with roughly half of global demand tied to solder for printed circuit boards, semiconductors, EVs and renewable energy systems.

This list covers the full investment universe of publicly listed tin stocks — from major integrated producers and smelters to focused miners — across the key tin-producing jurisdictions worldwide.

Market caps are updated monthly. Click any row to expand a full company overview.

Updated: May 2026
FX rates — May 2026: 🇦🇺 USDAUD 1.398  ·  🇨🇦 USDCAD 1.375  ·  🇨🇳 USDCNY 6.809  ·  🇮🇩 USDIDR 17,491  ·  🇲🇾 USDMYR 3.947
Company Ticker Mkt Cap ▼ Domicile Resource Country Project Phase Listing
Yunnan Tin Company
000960.SZ $8.83B 🇨🇳 China 🇨🇳 China Production 🇨🇳 SZSE

Yunnan Tin Company

Domicile: 🇨🇳 China Phase: Production Country: 🇨🇳 China

Yunnan Tin Company Limited is the world's largest tin producer by output, with operations concentrated in Yunnan Province, China. Tin production is central to its business — extracted primarily from the Zhongsheng, Dulong, and Huitong mineral districts — and the company integrates upstream mining through to smelting and refining, producing refined tin products, solder alloys and specialty tin chemicals for electronics and industrial markets.

As part of China Minmetals' extended group, Yunnan Tin benefits from an integrated domestic value chain and historically low unit costs, supported by resource scale and established smelting infrastructure. Its tin segment underpins a significant share of group revenue and cash generation, with by-product streams such as tungsten and lead providing incremental diversification but not diluting tin's strategic primacy.

🇨🇳 SZSE

$8.83B

Yunnan tin mining & smelting operations (China)
PT Timah
TINS.JK $1.56B 🇮🇩 Indonesia 🇮🇩 Indonesia Production 🇮🇩 IDX

PT Timah

Domicile: 🇮🇩 Indonesia Phase: Production Country: 🇮🇩 Indonesia

PT Timah Tbk is Indonesia's primary tin miner and one of the world's largest producers of refined tin, with operations on the islands of Bangka–Belitung where alluvial and offshore tin deposits have been worked for generations. Tin is the company's core business and virtually the sole revenue driver, spanning dredging and land mining through to smelting, refining and sale of solder tin and specialty tin products to global markets.

The company's competitive positioning reflects Indonesia's high-grade alluvial endowment and PT Timah's integrated domestic smelter capacity, although resource depletion and regulatory shifts — notably the requirement to move away from certain offshore dredging — have pressured production in recent years. Tin's strategic importance to PT Timah is absolute: other commodities or metals play only a peripheral role, making cash flow and earnings highly correlated with global tin prices.

🇮🇩 IDX

$1.56B

Bangka-Belitung tin mining & smelters (Indonesia)
Alphamin
AFM.V $1.26B 🇨🇦 Canada 🇨🇩 DRC Production 🇨🇦 TSXV

Alphamin

Domicile: 🇨🇦 Canada Phase: Production Country: 🇨🇩 DRC

Alphamin Resources Corp. is a focused tin producer operating the Mpama North Mine in the Democratic Republic of the Congo, one of the highest-grade tin deposits globally and a major contributor to global primary tin supply. Tin is the company's sole commercial commodity, mined from high-grade cassiterite-rich orebodies and processed into concentrates for export to smelters serving solder, electronics and industrial markets.

Mpama North's exceptional grades — often above 5% Sn — drive strong margins and competitive positioning, while Alphamin continues exploration and resource expansion to sustain multi-year production profiles. The company holds an 84.1% interest in Bisie Mining SA, which operates Mpama North, with the DRC government retaining a 5% free-carried interest and IFC holding the balance. Other metals such as copper and zinc occur in trace quantities as by-products and do not materially contribute to earnings.

🇨🇦 TSXV

$1.26B

Bisie Tin Mine 84.1% (DRC)
MetalsX
MLX.AX $976M 🇦🇺 Australia 🇦🇺 Australia Production 🇦🇺 ASX

MetalsX

Domicile: 🇦🇺 Australia Phase: Production Country: 🇦🇺 Australia

Metals X Limited has established tin production as a significant part of its diversified mining portfolio through the Renison Tin Mine in Tasmania, Australia, one of the world's most consistent primary tin mines. Renison — operated via a 50/50 joint venture with Yunnan Tin — produces high-quality tin concentrate, supported by zinc and copper by-product credits that help offset operating costs but do not overshadow tin's core role in the asset's economics.

Metals X also has interests in other base metals assets including nickel and gold, but tin from Renison remains a standalone strategic pillar, generating stable cash flow and underpinning dividends and group returns. The company's approach emphasises operational optimisation at Renison and near-mine exploration to preserve and extend mine life in a jurisdiction with strong infrastructure and regulatory transparency.

🇦🇺 ASX

$976M

Renison Tin Mine 50% (Australia)
Malaysia Smelting Corporation
5916.KL $453M Malaysia Malaysia Production Malaysia

Malaysia Smelting Corporation

Domicile: Malaysia Phase: Production Country: Malaysia

Malaysia Smelting Corporation Berhad is a diversified base metals producer with integrated tin smelting operations in Malaysia and Indonesia, where its core tin processing facilities produce refined tin and a range of tin alloys and chemicals for solder, plating and industrial applications. Tin remains a material contributor to group revenue, though MSC operates additional non-tin assets — notably nickel and associated ferroalloys — providing portfolio diversification that cushions cyclicality in tin prices.

The company's smelter footprint and access to regional feedstocks — including toll smelting arrangements with third-party miners — enhance throughput flexibility and scale, supporting its position as a leading tin refiner in Asia. MSC's Malaysian operations benefit from decades of established smelting expertise and proximity to key Southeast Asian tin-producing regions.

Malaysia

$453M

Tin smelters & refineries (Malaysia)
Disclaimer: This list is for informational and educational purposes only and does not constitute investment advice. Market capitalisation figures are updated monthly and may not reflect real-time prices. Green Stocks Research has no financial relationship with any companies listed. Always conduct your own due diligence before making any investment decisions.

Tin Stocks — Investor FAQ

China is typically the largest refined tin producer globally, supported by domestic mine supply and large volumes of imported concentrates from Myanmar, which have been a major but increasingly uncertain source. On the mining side, China, Indonesia, Myanmar, Peru and the Democratic Republic of the Congo are consistently among the largest sources of primary tin supply. Indonesia is particularly important in seaborne refined tin markets due to its export-oriented production model. The concentration of supply in jurisdictions with varying degrees of regulatory and geopolitical risk — Myanmar in particular — is a structural feature of the tin market that differentiates it from more geographically diversified commodity markets like copper.
Yunnan Tin Company is widely regarded as the largest refined tin producer globally, with its Yunnan Province smelting complex processing both domestic and imported concentrates. Among primary mining companies, Alphamin Resources (Mpama North, DRC), Minsur (San Rafael, Peru) and PT Timah (Indonesia) are typically among the largest single-asset or national champions in terms of mined tin production. Production rankings can shift considerably depending on whether refined output or mined tin concentrate tonnage is used as the benchmark. Investors should note that the largest producers by smelter volume — Yunnan Tin, MSC — source significant concentrate from third parties rather than solely from company-owned mines, making their economics partly dependent on concentrate availability and treatment charges.
Roughly half of global tin demand is tied to solder, which is critical for printed circuit boards, semiconductors, electric vehicles, renewable energy systems and grid infrastructure — making tin a quiet but essential enabler of virtually every clean energy technology. Each EV requires approximately two to three times the electronics content of a comparable internal combustion vehicle, and each solar panel or wind turbine relies on tin-soldered circuit assemblies. Tin is also used in chemicals, plating, alloys and emerging lithium-ion battery applications where tin anodes are being explored as a higher-energy-density alternative to graphite. As electrification and semiconductor demand expand globally, tin benefits indirectly from growth in electronics intensity per vehicle and per renewable installation — a demand driver structurally linked to the pace of the energy transition.
Tin is priced globally on the London Metal Exchange (LME), where the benchmark contract is for Grade A refined tin at 99.85% purity or higher. Unlike copper or aluminium, the tin futures market has relatively modest liquidity, which means physical supply disruptions can cause disproportionately large and rapid price moves. Tin concentrate producers typically sell at a discount to the LME price after deducting treatment charges paid to smelters; the TC level fluctuates with concentrate supply-demand balances and can significantly affect miner margins. For investors, understanding whether a tin company sells concentrate or refined metal is essential, as the revenue realisation and margin structure differ substantially between the two.
Tin supply is geographically concentrated and often sourced from jurisdictions with regulatory, environmental or geopolitical risk — notably Indonesia (offshore mining restrictions), Myanmar (conflict and sanctions risk), and the DRC (infrastructure and governance). Many deposits are alluvial or artisanal in nature, leading to structural supply variability that is difficult to model with precision. Limited new large-scale hard-rock discoveries and long permitting timelines mean supply growth can significantly lag demand during upcycles, historically producing sharp price spikes. Finally, the relatively small size of the global tin market means investor interest and analyst coverage are thinner than for major base metals, which can create both mispricing opportunities and liquidity constraints for investors building or exiting positions.

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Key Terms
Full Glossary →

The primary tin-bearing mineral and the main commercial source of tin globally. Cassiterite typically occurs in hydrothermal vein systems (hard rock) or as secondary concentrations in alluvial and placer deposits. Ore grade is usually expressed as percentage tin (% Sn) contained within cassiterite-bearing rock. The mineral's high specific gravity makes it amenable to gravity separation during processing, which is the dominant beneficiation method for tin ores. High-grade deposits such as those operated by Alphamin in the DRC (often exceeding 5% Sn) are exceptionally rare globally and command significant economic advantage over lower-grade peers.
Tin deposits formed by weathering and erosion of primary hard-rock sources, concentrating cassiterite in riverbeds, coastal sediments or offshore sands. Placer deposits — such as those in Indonesia's Bangka–Belitung archipelago — are often lower cost to mine using dredges and hydraulic methods, but can raise environmental and regulatory considerations around offshore and riverbed extraction. Indonesia's placer deposits have historically made it one of the world's largest tin exporters, though ongoing tightening of offshore mining regulations has pressured production volumes in recent years. The contrast between alluvial-dominated supply (Indonesia) and hard-rock production (DRC, Australia) is important context for understanding the supply cost curve.
The intermediate product produced after beneficiation of ore, typically grading 40–75% tin. Concentrates are sold to smelters for refining into metallic tin. Pricing is usually linked to LME tin prices with treatment charges (TCs) deducted — TCs represent the fee paid by the miner to the smelter for converting concentrate into refined metal. For investors in concentrate producers like Alphamin and MetalsX, understanding the TC environment and offtake counterparty quality is critical to modelling realised revenues.
High-purity metallic tin — typically 99.85% purity or higher — deliverable against the London Metal Exchange contract. This is the benchmark pricing reference for global tin markets and the product used primarily in solder for electronics and energy transition applications. The LME tin market is relatively small and illiquid compared to copper or aluminium, meaning prices can be significantly more volatile during supply disruptions or demand surges. Tin's relatively modest global market size — roughly 350,000–380,000 tonnes of refined production per year — means a single supply disruption (such as export permit issues in Indonesia) can move global prices sharply.
**Production / Development / Feasibility / Exploration.** The development stage of a mining project. Production is operating and generating revenue; Development is past feasibility and constructing; Feasibility is between PEA/PFS/DFS economic studies; Exploration is pre-resource-defined drilling. The phase materially affects risk and cost of capital.

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