More about longer term from Morgans and not taking account of recent production news.
Tin – the Thematic, & the 5-year price chart Tin is a key component in the production of electronic components such as solder, which is used to connect electronic circuit boards. As the global electronics industry continues accelerating, particularly in emerging markets, the demand for tin is expected to increase. Due to the increased EVs are typically more tin-intensive than internal combustion engine vehicles. Tin usage for solar ribbons on panels was around 22,000t in 2022 and is expected to grow to 55,000t by 2030, while the EV sector is expected to consume 10,000-20,000 tonnes/year of tin by the end of this decade. ITA forecasts a marginal rise in global production in 2023, as increased Chinese output is likely to be offset by lower production from Indonesia and Peru.
MLX Price at posting:
34.5¢ Sentiment: Hold Disclosure: Held
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