No electrons flow without tin
(PresseBox) - Even though rising inventories are currently weighing on the tin price, the metal has excellent prospects for the future.
LME inventories have increased from last fall to spring 2023 for tin. Currently, they are higher than they have been since November 2017. This, of course, weighs on the price of the metal. At the same time, everything is looking at China and the economic data, which is not so strong right now. But China's economy will also recover. There are also currently production restrictions in Myanmar, an important tin-producing country. As long as these are in place, and perhaps supply problems regarding Indonesia are added to the mix, this should give the tin price a boost.
Tin is indispensable for modern technologies, because without tin no electrons flow. Thus, every component of the carbon-reduced and data-driven economy needs this raw material. Tin is an electrical contact material, just like silver or gold. And tin is a battery material, just as necessary for energy storage as lithium, cobalt or nickel. This is likely to fuel the consumption of tin significantly in the coming years. After all, the decarbonization and electrification of the world are unstoppable. Around half of tin goes into solders, and circuit boards and semiconductors are connected with the help of tin. Moreover, substitutes are scarce. For example, industry uses tin in autonomous and electric vehicles, in robotics or in energy storage. Relying on industrial metals like tin could prove to be a lucrative decision. Tin companies include First Tin and Tin One.
First Tin - https://www.commodity-tv.com/ondemand/companies/profil/first-tin-ltd/ - is in the tin business in Australia and in the Erzgebirge region of Germany.
Tin One - https://www.commodity-tv.com/ondemand/companies/profil/tinone-resources-inc/ - has prospective tin, lithium and tin/tungsten projects, this in Australia and Tasmania.
Corporate information and press releases from First Tin (- https://www.resource-capital.ch/en/companies/first-tin-plc/ -).
In accordance with §34 of the German Securities Trading Act (WpHG), I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and that there is therefore a possible conflict of interest. No guarantee for the translation into German. Only the English version of this news is valid.
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Unternehmensinformation / Kurzprofil:
Datum: 23.08.2023 - 07:06 Uhr
Sprache: Deutsch
News-ID 689718
Anzahl Zeichen: 4134
contact information:
Contact person: Jörg Schulte
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"No electrons flow without tin"
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