Core Viewpoint - The China Nonferrous Metals Industry Association's Tin Branch reported significant growth in tin ore imports and exports for December 2025, indicating a robust demand and trade activity in the tin market [1] Import Data - In December 2025, China imported 17,637 tons of tin ore, equivalent to 5,191.6 tons of metal, representing a month-on-month increase of 13.3% and a year-on-year increase of 40.2% [1] - Major import sources included Africa (2,375 tons, down 11.1%), Myanmar (993 tons, up 14.3%), Australia (912 tons, up 91.5%), and South America (426 tons, up 118.5%) [1] - Total tin ore imports for 2025 reached 295,000 tons, with a metal equivalent of 53,000 tons, reflecting a slight year-on-year increase of 1.7% [1] Refined Tin Trade - In December, refined tin imports and exports both saw growth, with imports at 1,548 tons, a month-on-month increase of 29.5% but a year-on-year decrease of 48.2% [1] - The primary sources for refined tin imports were Peru (678 tons), Indonesia (636 tons), and Bolivia (148 tons), collectively accounting for 94.5% of total imports [1] - Refined tin exports reached 2,763 tons, marking a month-on-month increase of 43.3% and a year-on-year increase of 32.6%, with active re-export trade to Hong Kong [1] - Total refined tin imports for 2025 amounted to 19,000 tons, a year-on-year decrease of 10.7%, while total exports reached 23,000 tons, a year-on-year increase of 32.3%, resulting in a net export of nearly 3,500 tons for the year [1]