Tin-linked compute-metal shares jumped on June 1: the Tin (Yangtze) index closed
up 5.57%. Huaxi Nonferrous hit the daily trading limit, closing at 60.50 yuan
(+10%); Xiye Co. gained as much as 9% intraday and closed at 39.26 yuan, up
4.69%. Market reports show tin prices rose from 300,000 yuan/ton in November
2025 to about 420,000 yuan/ton, roughly a 40% increase over six months. Xiye
said tin prices have risen more than 30% YTD and supply and demand remain in
tight balance. The company owns domestic tin mines and sells mined tin ingots.
Xiye attributed the price rise to multiple factors, including increased demand
from AI and compute-capacity growth — tin is primarily used for soldering, and
higher compute deployment increases solder points — and noted it does not
participate in end-user applications, obtaining demand signals mainly through
industry bodies.
