Possible shortages of tin
(PresseBox) - The world s third-largest tin reserves are in Myanmar, a not unproblematic country.
In Myanmar, the military is terrorizing its own people, who refuse to acknowledge the coup two years ago. Support comes from Russia. Recently, a report from Myanmar made people sit up and take notice. A ban on mining in the country is said to be imminent. Mining operations are to cease on August 1, 2023, in the state of Wa, Myanmar. Wa says it wants to protect its mining resources. Wa state is an unrecognized socialist state in Myanmar. But it is de facto autonomous. This mining ban now would affect about ten percent of the world s tin supply. Last year, about 77 percent of the tin concentrate imported by China came from Myanmar. Of this, the majority came from Wa. That s when fears arose about possible shortages. According to the International Tin Association, tin supplies were already tight in January and February.
Tin is needed for solders. And solders are essential for the electronics boom. Alloys often contain lead and tin and are used as soft solders. Tin is also a major alloying component for copper. Tin coatings shine with excellent conductivity and solderability, as well as food-safe properties. In addition to the electrical industry, the automotive sector is an important consumer of the metal. It is needed in hybrid vehicles and in electromobility. Tin is also processed in medical technology or in tin cans, and demand is expected to increase in the coming years. Tin companies such as First Tin or Tin One Resources should therefore focus on the right raw material.
Tin One Resources - https://www.commodity-tv.com/ondemand/companies/profil/tinone-resources-inc/ - has very prospective tin projects in Australia.
First Tin - https://www.commodity-tv.com/ondemand/companies/profil/first-tin-ltd/ - has a project also in Australia and one in the Saxon Tin District in Germany (plate houses).
Corporate information and press releases from First Tin (- https://www.resource-capital.ch/en/companies/first-tin-plc/ -).
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Datum: 25.04.2023 - 05:57 Uhr
Sprache: Deutsch
News-ID 682230
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