Market of Refined Tin Metal Shows a Small Supply Deficit
But we expect consumption growth of Tin metal to accelerate in 2024 and 2025, driven by another pick-up in global electronics demand.
Demand Side of Tin Metals
Driven by a resurgence in global demand for electronics, demands on high purity tin will accelerate to 1.7% and 2.6% in 2024 and 2025, respectively. It will then slow again to around 1% in 2026, with annual consumption reaching a record high of 393,000 tons.
Supply Side of Tin Metals
The sharp fall in tin prices has slowed the growth of refined tin production to 1.9% in 2023, less than half growth rate of the previous year.
While consumption and prices are expected to improve in 2024-2026 as the economic cycle recovers, refined tin production is expected to lag due to mine production constraints, resulting in a small supply gap in the tin market in recent years.
Leave a Comment
Related Blog
Welcome to our blog dedicated to the attractive world of rare metal materials.
Order Status Before the Chinese New Year Holiday 2025
As the traditional Chinese New Year is approaching, please be informed that our company will start the holiday from January 25th.
How to Extract and Use High Purity Tellurium
High purity tellurium is one of seven rare scattered metals, which are generally associated minerals and independent deposits are rare, as is tellurium.
Why Has Bismuth Shot Cost Been Skyrocketing Recently
The market cost of bismuth shot has increased significantly in the past week as raw material 99.99% refined bismuth ingot was increased by USD600 per ton compared with last Wednesday.