Tin is increasingly becoming a strategic metal. As a result, many governments are looking to establish new production. Young mining companies are getting involved in familiar and less familiar regions to get the metal out of the ground. Not all areas where tin exists, such as Burma or China, are welcome regions for mining companies. Yet the prospects for tin are excellent, because it is part of technological progress. This can also be seen in the development of many a tin share, even in shares where the projects are not yet so far advanced.
According to the World Bureau of Metal Statistics, there is a supply deficit in the tin market. This is because decades of low prices have caused a shortage. The deficit is expected to last until 2030. Although eleven new projects will start production by 2030, tin consumption is expected to increase at the same time, so demand will grow faster than supply. Globally, about 50 percent of the tin consumed goes into the production of solders and for bonding printed circuit boards and semiconductors. Electrification and decarbonization are driving tin demand, forecast to grow by three to four percent in the coming years. These are key technologies such as electrical engineering, charging stations, the 5G sector, the Internet of Things, the solar sector and the automotive sector. Those looking to bet on tin can look at Tin One Resources and First Tin.
Tin One - https://www.commodity-tv.com/ondemand/companies/profil/tinone-resources-inc/ - owns a high quality portfolio of tin projects in Tasmania and New South Wales, Australia and controls some of the major tin districts there in Tasmania.
First Tin - https://www.commodity-tv.com/ondemand/companies/profil/first-tin-ltd/ - is in the tin business in Australia and in Germany. The projects are at an advanced stage.
Corporate 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.
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