Bet on the future and tin
(PresseBox) - Nothing works in the electronics sector without tin. The growth of green energies and the digitalization push demand tin.
In recent months, the price of tin has risen, with one ton currently costing almost 30,000 US dollars. Although tin is not a currency like gold, it is a raw material without which modern electronic products would not be feasible. This is because tin is used as a solder. Around half of the demand for tin therefore goes to soldering. And microchips need solder. Microchips are used by car manufacturers, in the entertainment industry and by computer producers. Incidentally, there is no substitute for solder in sight, and the devices, machines and equipment in which circuit boards are found are becoming more and more numerous. One use of tin is in the manufacture of tinplate cans with food-grade tin coatings. Cell phones, batteries and the veterinary medicine sector also use tin. At the same time, tin stocks are not particularly well filled, and demand is increasing. Tin demand will benefit from 5G technology and electromobility. Most of the world s tin is mined in China, followed by Indonesia. According to the unanimous opinion of many industry experts, the super technology cycle will significantly increase demand for the metal.
To meet the expected demand, the supply of tin must be secured. This will require investments. According to estimates, 1.4 billion U.S. dollars are needed to be able to supply around 50,000 tons more tin per year by 2030. Tin, with its enormous market dynamics, is therefore also an opportunity for investors. If you look at tin in relation to the annual production volume and the existing deposits, it is a fairly rare and sometimes critical metal.
Companies with tin include Tin One Resources, for example. Its projects are already advanced and are located in Tasmania and on the Australian mainland.
First Tin - https://www.commodity-tv.com/play/mining-newsflash-with-vizsla-silver-torq-resources-first-tin-sibanye-stillwater-and-mawson-gold/ - is also on the road in Australia, moreover in Germany in terms of tin.
Corporate information and press releases from First Tin (- https://www.resource-capital.ch/en/companies/first-tin-plc/ -).
In accordance with ?34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.
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Datum: 26.01.2023 - 01:54 Uhr
Sprache: Deutsch
News-ID 675512
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"Bet on the future and tin"
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