Tin Stocks

Yunnan Tin Co., Ltd. is the only mainland Chinese A-share company spanning the full tin value chain. Its operations include the Datun, Laochang and Kafang mining branches, tin smelting and downstream tin-materials activities. The company also produces indium, zinc and copper, so it is a diversified non-ferrous-metals business rather than a pure-play tin miner.

The company is controlled by Yunnan Tin Group (Holding). Yunnan Tin reports 80,000 tonnes of annual tin-smelting capacity and has ranked as the world's largest refined-tin producer in the International Tin Association's producer surveys.

Minsur S.A. is a Lima-listed Peruvian mining company with material tin, copper and gold exposure. Its tin chain runs from the high-grade San Rafael underground mine and the B2 tailings-reprocessing plant in Puno to the Pisco smelter and refinery on Peru's coast.

Minsur ranked second in the International Tin Association's 2024 refined-producer survey at 36,300 tonnes. The listed MINSURI1 line consists of investment shares, and the wider group is diversified through assets including the Mina Justa copper operation.

PT TIMAH Tbk is an IDX-listed, state-controlled tin miner and refiner operating principally in Bangka Belitung and the Riau Islands. Mining uses both onshore contractors and an offshore fleet of dredgers and production suction vessels; concentrates are refined at the Mentok and Kundur smelting centers into LME-registered tin brands.

In 2025 PT TIMAH produced 18,635 tonnes of tin ore and 17,815 tonnes of refined tin, and exports represented 95% of tin-metal sales that year. Production remains sensitive to ore availability, license timing, contractor output and the productivity of its land and offshore fleet.

Alphamin Resources produces high-grade tin concentrate from the Mpama North and Mpama South underground mines at Bisie in the DRC. Mpama South entered production in 2024 and lifted the complex to an annualized production capability of about 20,000 tonnes of contained tin. Alphamin reported record 2025 production of 18,576 tonnes despite a temporary security-related shutdown.

The mines are held through Alphamin Bisie Mining SA. Alphamin's effective interest is 84.14%; the Industrial Development Corporation of South Africa owns 10.86% and the DRC Government holds a non-diluting 5% interest. Security and logistics in North Kivu remain material operating risks.

Metals X Limited is an ASX-listed mining investment company whose principal operating exposure is a 50% equity interest in the Bluestone Mines Tasmania joint venture. The joint venture operates the Renison underground tin mine and concentrator in western Tasmania, where tin concentrate is produced with copper as a by-product. Metals X's attributable interest is therefore half of the joint venture's project-level ownership and production rather than 100% of Renison.

Renison is the operating asset that drives Metals X's current tin production and cash flow. The joint venture is also advancing the Rentails tailings-reprocessing project and awarded front-end engineering work in 2026 for a proposed 2.4 million-tonne-per-year processing facility. That throughput figure is design capacity, not tin output, and Rentails remains subject to updated studies, environmental approvals and an investment decision before construction. Metals X also holds strategic investments in listed tin developers, providing additional sector exposure without making those companies' projects attributable operating assets of Metals X.

Malaysia Smelting Corporation Berhad is a Bursa Malaysia-listed tin group active in upstream mining and custom smelting. Its wholly owned Rahman Hydraulic operation is Malaysia's largest open-pit eluvial tin mine, while the Pulau Indah smelter processes company-owned and third-party tin-bearing feed into refined metal ranging from LME Grade A to higher-purity products.

The group's operations are today wholly tin-focused and confined to Malaysia. Its former Indonesian mining arm, PT Koba Tin, ceased mining in 2012, and the related Indonesian subsidiaries were divested in 2013.

Cornish Metals plc is a UK-domiciled, AIM-listed mine developer working to restart the wholly owned South Crofty underground tin mine in Cornwall. The company completed its re-domiciliation and transition to an AIM-only listing in January 2026, aligning its corporate base with its principal asset after leaving the TSX Venture Exchange.

South Crofty is permitted for underground mining and a new processing plant. Cornish Metals is dewatering the mine, refurbishing shaft infrastructure, advancing underground development and building surface facilities while engineering and front-end design continue. An October 2025 preliminary economic assessment outlined a 14-year mine life and average production of about 4,700 tonnes of tin in concentrate a year after ramp-up; those figures are a study case rather than current output.

Secured credit facilities from the National Wealth Fund and Vision Blue Resources are funding ongoing development and early works, including a second-tranche drawdown in August 2026. The company is still finalizing the broader financing package required for full development, and a formal final investment decision remains outstanding. First concentrate in 2028 is a management target; South Crofty has not entered commercial production.

Eloro Resources Ltd. is a TSX-listed explorer focused on the 100%-owned Iska Iska silver-tin polymetallic project in Bolivia's Potosi Department. The April 2026 resource update defined separate silver-polymetallic and tin domains within a very large mineralized system.

The updated estimate included approximately 290,000 tonnes of tin in the inferred category across the broader resource, and Eloro is drilling to expand and upgrade higher-grade silver-tin zones. Iska Iska remains pre-economic and exploration-stage, with metallurgy and a preliminary economic assessment still required.

Andrada Mining is an AIM-listed critical-minerals producer centered on the Uis mine in Namibia. Uis produces tin concentrate and has by-product tantalum exposure, while the company is evaluating lithium and tungsten growth across its wider license portfolio.

For the year ended February 2026, Andrada reported record tin-concentrate production of 1,740 tonnes. Its operating status gives investors direct current tin exposure, although the investment case is increasingly polymetallic rather than a pure tin-only proposition.

Sky Metals Limited is focused on 100%-owned tin projects in New South Wales. Tallebung is the priority asset and is being evaluated as an open-pit development, while the larger Doradilla mineralized system provides a second potential development opportunity.

The company is conducting resource drilling, metallurgy and mining studies rather than operating a commercial mine. It therefore offers early-stage tin exposure with the higher geological, study, permitting and financing risks typical of a junior developer.

Elementos Limited is an ASX-listed tin developer whose priority asset is the wholly owned Oropesa project in Andalucía, Spain. Oropesa is a proposed open-pit mine with a definitive feasibility study and maiden ore reserve. The April 2025 study evaluated average production of about 3,400 tonnes a year of contained tin in concentrate over a 12-year mine life; these are planned study outputs rather than current production.

The company has lodged the principal environmental and mining-license submissions required to construct and operate Oropesa, but the licenses, financing, construction decision and mine build remain outstanding. Elementos also owns the historic Cleveland tin-copper project in Tasmania, which is being re-evaluated as a potential future development rather than operating as a commercial mine.

Elementos is pursuing a possible downstream position in Spain through a binding option to acquire 50% of Iberian Smelting, the owner of the Robledallano tin smelter. The option supports a proposed mine-to-metal strategy, but it does not make Elementos vertically integrated unless the option is exercised and the acquisition completes. Oropesa remains the principal basis of the company's direct tin-development exposure.

Stellar Resources Limited is an ASX-listed developer focused on the 100%-owned Heemskirk tin project near Zeehan in western Tasmania. The project includes the Severn, Queen Hill and Montana deposits, with St Dizier as a nearby satellite deposit.

A July 2026 resource update reported 13.36 million tonnes grading 0.86% tin, containing 115,300 tonnes of tin. Stellar is advancing a pre-feasibility study, so Heemskirk remains pre-production and subject to technical-study, permitting and financing risk.

First Tin Plc is a London-listed mine developer with two principal tin projects: Taronga in New South Wales, Australia, and Tellerhäuser in Saxony, Germany. Metals X is its largest shareholder, holding about 30% of the company, but First Tin retains ownership and responsibility for advancing the projects.

Taronga is planned as an open-pit operation and has a definitive feasibility study, an ore reserve and a granted mining lease over much of the deposit. It is progressing through the Australian assessment and approval process rather than construction or production. Tellerhäuser is an underground project within the Rittersgrün mining license and benefits from extensive historic workings and drilling. Its resource, engineering and permitting work is less advanced than Taronga's, and it has not received a construction decision.

Issuer materials describe a combined ambition of up to about 10,000 tonnes of tin a year from the two projects. That figure is a management and study objective, not current concentrate or refined-metal output. Both projects remain pre-production and require further approvals, financing and final construction decisions before mining, commissioning and commercial sales can begin.

Rome Resources Plc is an AIM-listed explorer whose principal asset is the Bisie North tin-polymetallic project in North Kivu, Democratic Republic of the Congo. Bisie North comprises the Kalayi and Mont Agoma areas on the mineralized trend near Alphamin's operating Mpama mines. Rome is undertaking drilling, metallurgy, resource-definition and license-conversion work, but it has not declared an operating mine or begun commercial production.

In April 2026 Rome announced increased interests in its DRC project companies, strengthening its economic exposure to Bisie North without changing the project's exploration-stage status. The mineralization also contains copper, zinc, lead and silver, so future project economics may be polymetallic even though tin remains the company's principal commodity focus.

Rome also holds an option over early-stage tin and critical-mineral licenses at Three Lakes and Schoullar Mountain in New Brunswick, Canada. Those licenses diversify the exploration portfolio but do not yet constitute a resource or producing asset, and Bisie North remains the main business. The company is exposed to geological, funding, permitting, infrastructure and security risks in both jurisdictions, with the North Kivu security environment particularly material to field activity and logistics.