Tin is mainly required in solders, it is found in chemicals, tinplate, lead-acid batteries and copper alloys. However, new technologies such as solar and wind power, autonomous driving and electromobility, infrastructure and energy grids as well as energy storage systems also make use of the metal’s properties. Another sector that needs tin is robotics and computing. Over the years, tin has become increasingly expensive. The price of the metal began to rise in the 1960s, but after a price spike in the 1970s (around USD 17,500 per tonne), profits were taken, and the price of tin fell (to around USD 3,500 per tonne) until around 2001. The price then rose again to USD 32,500 per tonne of tin in the course of an economic upturn.
The price then roughly halved. The price fluctuations were therefore large. The metal experienced major price spikes due to the pandemic and the Russia-Ukraine war. 2024 should be a good year for tin, as demand is expected to rise. The semiconductor industry assumes that an upturn is imminent, which will fuel demand for tin. The market for electronic entertainment devices should also experience an increase, especially in China, now that the strict coronavirus restrictions are a thing of the past.
Furthermore, looking to the future, the International Tin Association has stated that in our rapidly changing world, climate change, geopolitical and macroeconomic factors will create a new divided world. Tin will become increasingly important as a technology metal across electronic and electrical infrastructure. This is because digitalization and efforts to achieve net-zero targets are increasing. Tin companies worth recommending include Tin One and First Tin.
Tin One – https://www.commodity-tv.com/ondemand/companies/profil/tinone-resources-inc/ – has a high-quality portfolio of projects (tin, tungsten and lithium) in the Tier 1 mining regions of Tasmania and New South Wales, Australia.
First Tin – https://www.commodity-tv.com/ondemand/companies/profil/first-tin-ltd/ – owns tin projects in Australia and in the Ore Mountains in Germany. Over the next three years, the company intends to make two tin mines ready for production.
Current company information and press releases from First Tin (- https://www.resource-capital.ch/en/companies/first-tin-plc/ -).
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