Five ASX tin shares under AU$1

Image Source: © Msoon77 | Megapixl.com

Highlights

  • Australia is home to several metals companies.
  • There are several companies which deal in tin as well.
  • During FY22, Metals X delivered 144% growth in revenue from continuing activities.

Australia is home to several metal companies. Tin is one of them. This metal is soft, non-toxic, extremely malleable, and resistant to rust and fatigue metal. It is one of those metals used and traded by humans for over 5000 years. As a result of tin's low melting point and ease of alloying, human beings were able to combine it with copper to create bronze, ushering in the Bronze Age.

Tin is used to coat steel sheets in the production of tinplate, which makes up about 16% of the world's tin consumption. Tinplate is used to make cans that hold food, beverages, oils, paints, chemicals, and disinfectants. Tin is also used to make plate glass, superconducting magnets (such as those made of niobium-tin), dyes, antiseptics, perfumes, cast iron, fire retardants, pewter, and tinsel, among other things. Tin oxide is also used as a white ceramic glaze.

Tin is still found in today's bronze, which is also used in metal alloys, coatings for steel cans, and solders to connect metals and pipes. Tin is used most frequently in solder, which accounts for roughly half of global use today. Solders are used for several tasks in the automotive industry, plumbing and sheet metal professions, and cans.

With this backdrop, we at Kalkine Media® will discuss some of the ASX-listed companies specialising in Tin business.


 


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and