The market research company BMI expects tin prices to rise. Good prospects for tin companies.
BMI, which belongs to Fitch Solutions, has raised its tin price forecasts for the current year from an average of USD 25,000 per tonne to USD 25,700 per tonne. The reason for this is global semiconductor sales, which appear to be at a low point. This indicates an increase in demand for tin. The supply of tin has also tightened over the course of the year. The three-month tin futures prices on the London Metals Exchange stood at around USD 24,895 per tonne at the end of October; the annual average is now USD 26,205 per tonne of tin. BMI analysts expect a price of USD 28,000 per tonne of tin in 2024.
Prices should therefore rise in the coming months. Although the market surplus will increase next year, the ban on tin mining in Myanmar and declining inflation (which is fueling demand growth) will work against this. A market shortage is therefore expected in the coming years, as demand for tin should remain strong. On the supply side, it should be noted that the pipeline for tin mining projects is limited. Tin is used in electronics worldwide. The electronics in electric vehicles require significantly more tin than those in conventional vehicles.
Solar modules, especially in photovoltaic cells, are consuming more and more tin. This makes tin a raw material of the future, which will ultimately lead to a shortage of the raw material. According to the experts at BMI, a shortage of tin will dominate the market by 2030. Companies such as First Tin or Tin One, for example, can help those who want to bet on this development.
First Tin - https://www.commodity-tv.com/ondemand/companies/profil/first-tin-ltd/ - owns tin projects in Australia and in the Ore Mountains in Germany. The company plans to make two tin mines ready for production in the next three years.
Tin One - https://www.commodity-tv.com/ondemand/companies/profil/tinone-resources-inc/ - has a high-quality portfolio of projects (tin, tungsten and lithium) in the Tier 1 mining regions of Tasmania and New South Wales, Australia.
Current company information and press releases from First Tin (- https://www.resource-capital.ch/en/companies/first-tin-plc/ -).
In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.
Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/
BMI, which belongs to Fitch Solutions, has raised its tin price forecasts for the current year from an average of USD 25,000 per tonne to USD 25,700 per tonne. The reason for this is global semiconductor sales, which appear to be at a low point. This indicates an increase in demand for tin. The supply of tin has also tightened over the course of the year. The three-month tin futures prices on the London Metals Exchange stood at around USD 24,895 per tonne at the end of October; the annual average is now USD 26,205 per tonne of tin. BMI analysts expect a price of USD 28,000 per tonne of tin in 2024.
Prices should therefore rise in the coming months. Although the market surplus will increase next year, the ban on tin mining in Myanmar and declining inflation (which is fueling demand growth) will work against this. A market shortage is therefore expected in the coming years, as demand for tin should remain strong. On the supply side, it should be noted that the pipeline for tin mining projects is limited. Tin is used in electronics worldwide. The electronics in electric vehicles require significantly more tin than those in conventional vehicles.
Solar modules, especially in photovoltaic cells, are consuming more and more tin. This makes tin a raw material of the future, which will ultimately lead to a shortage of the raw material. According to the experts at BMI, a shortage of tin will dominate the market by 2030. Companies such as First Tin or Tin One, for example, can help those who want to bet on this development.
First Tin - https://www.commodity-tv.com/ondemand/companies/profil/first-tin-ltd/ - owns tin projects in Australia and in the Ore Mountains in Germany. The company plans to make two tin mines ready for production in the next three years.
Tin One - https://www.commodity-tv.com/ondemand/companies/profil/tinone-resources-inc/ - has a high-quality portfolio of projects (tin, tungsten and lithium) in the Tier 1 mining regions of Tasmania and New South Wales, Australia.
Current company information and press releases from First Tin (- https://www.resource-capital.ch/en/companies/first-tin-plc/ -).
In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.
Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/
