Electronics devour raw materials
Not only modern technologies such as wind and solar energy or electromobility, but also the electronics industry needs raw materials.
(PresseBox) - Turnover in the German electrical and digital sector amounted to almost 200 billion euros in 2021. This is 9.8% more than in the previous year. As a result, tin consumption is increasing. Smartphones are a good example. There are around 4.7 billion smartphones in use worldwide. Around 1.21 billion devices were sold in 2022. Although global sales have declined in recent years, industry experts expect sales figures to rise in the coming years. Smartphones contain gold, palladium, tantalum, copper, cobalt, lithium, platinum, tin and many more raw materials; according to the German Raw Materials Agency, a total of 66 elements are used.
Lithium is the energy storage metal that is also found in electric vehicles, practically all energy storage devices and many other portable devices. China is a robust market for electronic products due to low labor costs and the country's own guidelines. The tin market is forecast to grow at an annual rate of 2.59%. According to forecasts by Mordor Intelligence, rising demand from the electric vehicle market and growing applications in the electrical and electronics industry will continue to drive demand for tin in the medium term. When it comes to recycling tin, the often small quantities of tin in electronic devices hinder effective recycling. As electrification progresses and wind and solar energy continue to expand, raw materials such as tin and lithium will remain in demand.
TinOne Resources - https://www.commodity-tv.com/ondemand/companies/profil/tinone-resources-inc/ - is one of the most promising candidates for tin. Its tin/tungsten and lithium projects are located in Tasmania and New South Wales, Australia.
Targa Exploration - https://www.commodity-tv.com/ondemand/companies/profil/targa-exploration-corp/ - owns gold and lithium projects in the provinces of Quebec, Ontario, Manitoba and Saskatchewan, totaling 15 projects. There is also a gold-silver project in the Yukon. The fully funded exploration program on the Opinaca gold and lithium project in Quebec has started.
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Datum: 18.06.2024 - 13:50 Uhr
Sprache: Deutsch
News-ID 707297
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