TINS Pushes Toward Full-Year Production Target of 21,545 Tons
Mon 04 Aug 2025, 13:23 PM
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PT Timah Tbk ( TINS ) has set a tin metal production target of 21,545 metric tons by December 2025.
Extra work is needed to meet the remaining tin production target for the remaining months of 2025. TINS tin production in the first half of 2025 was only 6,870 metric tons.
TINS tin metal production in the first half of 2025 fell 29% compared to the same period the previous year of 9,675 metric tons.
"The company continues to strive to optimize production volume by increasing resources and reserves, increasing the production fleet and number of mines, securing Mining Business Permit areas, and transforming business processes to achieve targets as set by the company," said Fina Eliani, Director of Finance and Risk Management at TINS in a press release at the end of July 2025.
TINS has set the main targets for 2025, namely tin ore production of 21,500 tons of Sn, tin metal production of 21,545 metric tons, and tin metal sales of 19,065 metric tons.
The less than satisfactory performance of production operations in the first semester has made the company work hard to meet the production targets that have been set.
Therefore, Fina said, to achieve this main target, the company's strategies include improving reserve and resource management, market leadership, production aggressiveness, and operational performance.
Other key strategies include strengthening downstreaming and industrialization by supporting the electric vehicle ecosystem and energy industry, transforming business processes, developing Centers of Excellence, and optimizing portfolios.
Meanwhile, the current condition and future prospects for the average price of tin metal Cash Settlement Price LME in the first semester of 2025 is USD 32,115.77 per metric ton, up 9.6% compared to the same period the previous year of USD 29,229.16 per metric ton.
Bloomberg's future tin price projection is in the range of USD 29,000 - 34,000 per metric ton.
In its Consolidated Financial Report for the period ending June 30, 2025, TINS noted that tin prices in the first half of 2025 showed a stable trend after experiencing severe volatility in early 2025.
London Metal Exchange (LME) tin prices remain supported by tight inventories and limited supply, as Myanmar's Man Maw mine remains offline until August and Malaysia's Pulau Indah smelter is not yet fully operational.
Furthermore, Indonesia's tin exports showed a significant recovery, rising 177% in the first six months of this year compared to the same period in 2024.
Global demand for tin, particularly in the electronics industry, such as tin solder and tin chemicals, remains high. This is primarily driven by demand from the Japanese and Chinese markets.
However, uncertainty surrounding US trade tariff policies has the potential to put downward pressure on global demand. Despite this, tin prices are likely stable due to strong global demand, although the risk of fluctuations due to geopolitical factors and limited supply remains.
As of the end of June 2025, tin inventories in LME warehouses were at 2,220 tonnes, down 53.3% from 4,760 tonnes at the beginning of 2025.
According to the CRU Tin Monitor, global tin production is projected to increase by 10.5% year-on-year (YoY) to 192,611 tons in the first half of 2025. Meanwhile, global tin consumption is projected to increase by 3.9% year-on-year (YoY) to 191,163 tons in the first half of 2025.
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