KUALA LUMPUR: Electric car batteries will be the key growth driver for tin commodity in the next few years as it is now being used as the base metal, aside from nickel, to produce faster charging car batteries.Malaysia Smelting Corporation Bhd (MSC) chief executive officer Datuk Dr Patrick Yong Mian Thong said tin is greatly used in electric car batteries and it will be the growth base metal and the biggest user of tin due to its ability to fast charge and discharge ability."Undoubtedly, tin price will see solid uptrend in the next 5 years when the production and demand for batteries goes up, especially from the electric car segment.
MLX Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
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