Global Tin Demand and Price Forecast
Global demand
- 2020: 6.6 billion USD
- 2027: 8.2 billion USD
- 2020: $13,000 per TM
- 2027: $46,000 per TM
- 2019: Balance
- 2022: Significant imbalance due to increased regulation and the lack of commissioning of new mines.
Uses of tin and tin alloys
- Solders for printed circuits
- Tin alloys such as tin and bronze used in electrical circuits, construction materials, etc.
- Tin coating materials to prevent rust in cans
- Tin finishing materials such as glass
- Automotive industry
Coltan
- Coltan ore contains the technological minerals tantalum and niobium
- The DRC is the world leader in tantalum production
- Tantalum has allowed electronics companies to miniaturize electronic devices using small capacitors. These capacitors are used in phones, computers, hearing aids, automotive electronics, etc.
- Tantalum can also be used for high temperature alloys such as jet engines and turbines
- Demand for tantalum is expected to increase from 2,400 tonnes (2022) to 4,500 tonnes (2030)
