- Tin has become an increasingly important commodity within the renewable energy supply chain
- Nonetheless, supply of the commodity is heavily concentrated, with over 60% of global supply accounted for by only three nations
- The metal’s tenuous supply picture was most recently on display in early August when militia officials in Myanmar – the third largest global tin producer – unilaterally shut down many of the country’s tine mines
- Eloro Resources’ Iska Iska deposit may emerge as one of the most significant contributors to global tin supply in the coming years, with the company set to publish their inaugural NI 43-101 compliant mineral resource estimate (“MRE”) by the end of August
In medieval times, tin was an instrument of war. Dating back to the metal’s original role in the manufacture of weapons and armor – oftentimes in the form of bronze – through to the use of tin plates in the seventeenth century to provide corrosion resistance to iron and steel, tin has played a crucial role within the global industrialisation movement for hundreds of years. Nowadays, tin is primarily utilized as a soldering mechanism to create electrical connections, a function accounting for nearly 50 percent of demand for the commodity. Put simply, every component of the low-carbon and increasingly data-driven economy requires tin: without it, electrons don’t flow – meaning mobile phones would not work, electric vehicle batteries would fail to charge, and the Internet of Things would cease to exist.
The global march towards Net Zero, an ambition predicated on the world achieving a balance between global greenhouse gas (“GHG”) emissions and those being removed from the atmosphere by 2050, has now emerged as the biggest long-term demand driver of tin. With energy increasingly delivered to…
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