[SMM Morning Meeting Minutes: Tin Market Maintains Weak Supply-Demand Pattern, Tin Prices Expected to Continue Moving Sideways in a Fluctuating Trend]

[SMM Announcement] Notice on the Discontinuation of Data Updates for South Korea Tin Product Import and Export Data Points: Hello! Thank you for your continued attention to and support for SMM! The SMM Tin Industry Research Department has always been committed to providing the market with accurate, reliable, and representative data references. Recently, during our routine review and evaluation of tin product import and export data, we found that the scale of South Korea’s tin product exports and imports has remained at a low level, accounting for only a negligible share of overall tin product trade flows. Meanwhile, through our regular communication with the market, we learned that market attention to this data point has continued to decline. Due to the relatively small size and insufficient activity of this regional market, the sampling available for relevant data collection is limited, making it difficult to form effective and continuous statistics. At the same time, constrained by occasional sporadic transactions, fluctuations in this data point can no longer objectively and truthfully reflect the actual supply-demand relationship in the East Asian tin product market, and its significance as a market reference has been substantially diminished. After a comprehensive evaluation, in order to ensure that the data we provide has practical reference value for the market, we have decided that, effective March 5, 2026, we will officially stop updating all data points related to South Korea tin product imports and exports. We will continue to focus on the mainstream domestic tin market and regions overseas with higher activity, providing everyone with market information of greater reference value. Thank you again for your understanding and support!

[SMM Morning Meeting Minutes: Sudden Geopolitical Events Boost Market Risk Aversion Sentiment, Tin Prices Expected to Hover at Highs in the Short Term]

[SMM Morning Meeting Minutes: Tin Prices Experience Rapid Surge and Sharp Correction, Market Sentiment Turns Cautious]

[SMM Analysis: SHFE Tin Expected to Rally Strongly After Holiday, Reviewing the Logic Behind LME Tin's Nearly 3% Surge During National Day] During the 2025 National Day holiday (October 1 to October 8), global commodity markets performed strongly, with the metals sector overall showing an upward trend. In this wave of "metal frenzy," tin prices stood out particularly, becoming the focus of market attention. The London Metal Exchange (LME) tin price rose significantly during this period, with a cumulative increase of 2.71%, closing at $36,370/mt and once hitting a high of $37,600/mt. Similar to tin, other major nonferrous metals also generally rose, with LME copper, zinc, and aluminum rising by 3.38%, 4.25%, and 2.91%, respectively, while the precious metal gold broke through the historical psychological barrier of $4,000/ounce.