In everyday life, pewter is encountered in many areas. In the past, tin cans were made of pure tin. Today, it is used primarily for alloys and in the soldering of electronic components. As a result, tin is finding its way into green energy solutions and electromobility. The topic of decarbonization is a driving factor for rising raw material prices, and tin is part of this. Tin is built into screens or as a stabilizer in PVC. Certain tin compounds can be used as disinfectants and fungicides because they are highly toxic. A ton of zinc currently costs just under 26,000 US dollars.
Like other metals, tin has fallen in price, but experts expect demand to remain robust. Exports from Indonesia, the world's largest tin exporter, have returned to the previous year's level after a weak start to the year. In April 2022, the average price of a ton of tin on the LME was just under US$43,000. By the end of 2022, the US$40,000 per ton of tin could also be reached again. The largest refined tin production reached China in 2020. Tin is therefore needed worldwide for modern technologies, for the transition to green energy production and thus for the fourth industrial revolution.
Since much of the tin produced worldwide comes from conflict areas associated with high political risk, First Tin - https://www.youtube.com/watch?v=ImTYW5Cy9QM -, for example, is appealing. The company has advanced tin projects in Australia and Germany and is also well financed. Two tin mines are to be started up within the next three years.
TinOne Resources - https://www.youtube.com/watch?v=Eh0stFKsYwk - also has its projects in prime mining regions in Tasmania and in New South Wales in Australia. A private placement will inject fresh money into its coffers.
Current corporate information and press releases from First Tin (- https://www.resource-capital.ch/en/companies/first-tin-plc/ -).
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