Expensive raw materials
(PresseBox) - Among the raw materials that have become significantly more expensive in recent years are tin and uranium.
Tin is a heavy metal that is important for green and technological transformation. According to the International Tin Association (ITA), demand for tin is expected to be around 400,000 tons annually by 2025. Beyond 2030, a supply deficit is forecast. This is because the electrical industry, especially semiconductors, need the metal. The further decarbonization picks up speed, the more tin will be needed. Currently, a ton of zinc costs around 35,000 US dollars. At the beginning of the century, a ton of the metal cost less than 10,000 euros. After an initial peak of 24,000 euros in 2011, the price reached an all-time high of more than 35,000 euros per ton. In US dollar terms, it even exceeded 40,000 (also an all-time high). There are large tin deposits in China, Indonesia and Portugal. In Kazakhstan, Tin One Mining is working on the development of the Syrymbet tin deposit. This is the largest undeveloped tin mine there and it is expected to provide tin supply as the only tin production project in Central Asia.
Another raw material that has gained enormously in value in recent times is uranium. Resources are depleting and demand for key minerals is rising, with uranium at the top of the list alongside precious metals in the search for new deposits. That's because while uranium supply has declined over the past decade, demand has increased at the same time. More than 440 reactors are in operation around the world today, in more than 30 countries. As Russia is one of the world's largest uranium producers, the Ukraine-Russia conflict will have an additional impact on the uranium market. Among the promising uranium companies is Consolidated Uranium - https://www.youtube.com/watch?v=tAZP4Xrc-0M -, for example.
Latest corporate information and press releases from Consolidated Uranium (- https://www.resource-capital.ch/en/companies/consolidated-uranium-inc/ -).
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Unternehmensinformation / Kurzprofil:
Datum: 07.06.2022 - 17:54 Uhr
Sprache: Deutsch
News-ID 661562
Anzahl Zeichen: 3847
contact information:
Contact person: Jörg Schulte
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Phone: +49 (2983) 974041
Kategorie:
Financial Services & Insurance
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