On June 1st, the concept stocks within the "computing power metal" tin sector defied broader market trends, experiencing a notable upswing. According to data from Wind, the closing increase for the tin (Yangtze River) index soared to 5.57% on that day. Notably, China Tin Group Huaxi Non-ferrous Co., Ltd. reached its daily limit, closing at RMB 60.5 per share, marking a 10% rise. Meanwhile, Yunnan Tin Company Limited saw its intra-day increase surpass 9%, ultimately closing up 4.69% at RMB 39.26 per share.
On the news front, the burgeoning artificial intelligence (AI) industry has been a key driver behind the significant surge in tin metal prices. These prices have climbed from RMB 300,000 per ton in November of the previous year to approximately RMB 420,000 per ton currently, representing a 40% increase within just half a year and reaching an all-time high. In response to inquiries, Yunnan Tin Company Limited confirmed that tin prices have risen by over 30% since the start of this year, with the market maintaining a consistently tight balance between supply and demand.
