More semiconductors needed - more tin required
(PresseBox) - ?
Experts expect demand for tin to rise as global semiconductor sales increase.
If the global semiconductor industry is on the verge of the next upswing, then tin companies should be pleased. The market research company BMI, a Fitch Solutions company, expects the price of tin to rise. The metal is now too valuable to be processed into tin soldiers as it used to be. Tin was first used between 2000 and 800 BC; copper and tin were alloyed to make bronze. It was the Bronze Age. Tableware and weapons were mainly made at that time. Then came the Iron Age and iron replaced tin. The main application of tin today is solder. According to the International Tin Association, around half of all tin is used in the solder sector.
And these are increasingly needed in the areas of renewable energies, electromobility, energy storage or infrastructure and energy networks. Tin is mined in China, Indonesia, Bolivia, the Congo and Central Africa, for example. According to the US Geological Survey, around 264,000 tons of tin were mined worldwide in 2020 and around 300,000 tons in 2021. There are also tin deposits in Europe and Tasmania.
TinOne Resources - https://www.commodity-tv.com/ondemand/companies/profil/tinone-resources-inc/ - is working on tin replenishment there and in New South Wales, Australia. The company s high-quality portfolio consists of tin/tungsten and lithium projects.
In addition to these important metals for the technological future, such as tin, a completely different raw material could be lucrative for investors, namely potash, a fertilizer. In addition to modern applications, the problem of feeding the world s population has still not been solved. Food in sufficient quantity and quality is not yet available for all the earth s inhabitants. However, in order to achieve higher and better crop yields, fertilizers such as potash are a must. On the one hand, there are the uncertainties regarding the producer countries Russia and Belarus. And on the other hand, there are increasing drought events that need to be absorbed.
Millennial Potash - https://www.commodity-tv.com/ondemand/companies/profil/millennial-potash-corp/ - is a potash company not to be missed. The company operates in Gabon, Africa. A good infrastructure, a business-friendly environment and its location in an area with a high potash content should ensure Millennial Potash s success.
Current company information and press releases from Millennial Potash (- https://www.resource-capital.ch/en/companies/millennial-potash-corp/ -).
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Datum: 25.03.2024 - 10:28 Uhr
Sprache: Deutsch
News-ID 702658
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