Commodity Prices Rise, PT TImah Tbk Successfully Increased Sales to Profit

JAKARTA - PT Timah (Persero) Tbk reported that in the midst of the volatility trend of global tin commodity prices, the TINS issuer managed to record a surge in performance due to the upward trend in prices.

TINS Production and Commercial Director, Ilhamsyah Mahendra, said that although the price of tin is fluctuating, the direction of movement in recent times shows an upward trend. This condition has a direct impact on the increase in sales, operational performance, and the company's net profit in January 2026.

"In terms of sales and operating performance, January's achievements were above target. The increase in commodity prices also drove net profit growth, which grew significantly in January, above 100 percent of what we planned," said Ilhamsyah in a statement to the media, quoted Saturday, February 28.

Ilham hopes that the movement of world tin prices is expected to be in the range of 45,000 to 48,000 US dollars per ton until the first quarter of 2026 to be the main catalyst for strengthening performance. Although analysts predict that prices will still move up and down, this positive momentum is considered to be maximized.

Ilhamsyah explained that the strengthening of tin prices is inseparable from global fundamental factors. Demand from technology sectors such as artificial intelligence (AI), semiconductors, and data center development has increased rapidly in the last two years. On the other hand, supply growth is relatively stagnant, creating a deficit between demand and supply.

"In terms of supply, there is also no significant or significant growth. So the deficit of demand is growing quite rapidly, while supply is somewhat stagnant. Well, this makes one of the key drivers that prices grow quite significantly," he explained.

This situation is one of the main drivers of the significant rise in tin prices in the global market, as well as driving the performance of tin producers such as PT Timah.

In 2026, he continued, PT Timah targets to produce 30,000 metric tons, but Ilham revealed that the company will take aggressive steps by carrying out various strategic initiatives ranging from technology optimization, increased efficiency, to strengthening internal and external collaboration.

"We are quite optimistic because in addition to the positive price trend, internal consolidation and also communication with stakeholders, especially in terms of regulation, this is much better, so all sides support PT Timah's operational performance," he said.

With a combination of positive price trends, more aggressive operational strategies, and improved regulatory support, PT Timah is optimistic that 2026 will be a strong year for the company.

"This is what makes us confident that 2026 will be a good year for us," said Ilham.