Tin

31805 USD/Mt 399 (1.27%) (Last updated - September 13, 2024 12:00 AM UTC )

Day High

24350

Day Low

24400

Previous Close

24545

52 Week Range

23350 - 49400

Change YTD

0%

About

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September 13, 2024 12:00 AM UTC

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A relatively scarce element, tin is a soft silvery-white metal with high malleability and low melting point. It is highly rust-resistant as well as fatigue-resistant. Its abundance in the Earth’s crust stands at just 2 parts per million (ppm). This is comparatively low when related to 63 ppm for copper, 94 ppm for zinc, and 12 ppm for lead.

Tin ore exists as cassiterite (SnO₂), the only mineral that holds commercial significance as a source of tin. However, tin in small quantities is also found in canfieldite, stannite, teallite, cylindrite, franckeite and other complex sulphides.

Applications

There are a number of applications of this soft, white metal. Tin has a great property of forming alloys with other metals, which makes it apt for wide-scale industrial applications. The metal is widely used in the production of tinplate, or as coatings for steel containers to prevent corrosion. Tin and its alloys are used for making solders, for bearing metals and as metallic coatings. Inorganic compounds of tin, such as Tin (IV) oxide are used in glazes and ceramics.

Organic compounds of tin are utilised in making pesticides, wood preservatives, plastics, and fire retardants. Molten glass is floated on molten tin to produce a flat surface of window glasses. Also, tin salts are used as sprays onto glass for making coatings which are electrically conductive.

Global mine production and reserves

As per data from the United States Geological Survey in January 2022, it is estimated that China and Indonesia had the highest mine production of tin in the year 2021. Also, China holds the highest tin reserves when compared to other countries across the globe.

The world resources for tin are extensive in western Africa, Bolivia, South-Eastern Asia, Australia, Brazil, Russia, and Indonesia.

Code	Company	Price	Chg	%Chg	High	Low	Volume	Market Cap
ADV	ADV Ardiden Ltd	0.135	0.000	0.000	0.135	0.130	314009	8.440 M
CAV	CAV Carnavale Resources Ltd	0.004	0.000	0.000	0.004	0.004	14750	16.361 M
CUL	CUL Cullen Resources Ltd	0.005	0.000	0.000	0.005	0.005	104804	4.160 M
CXO	CXO Core Lithium Ltd	0.105	0.000	0.000	0.105	0.100	2989513	225.017 M
DGR	DGR DGR Global Ltd	0.011	-0.002	-15.385	0.012	0.010	2990428	13.568 M
DTM	DTM Dart Mining NL	0.011	-0.001	-8.333	0.011	0.011	22500	4.738 M
ELT	ELT Elementos Ltd	0.068	0.001	1.493	0.070	0.067	599817	16.585 M
EMH	EMH European Metals Holdings	0.145	-0.005	-3.333	0.150	0.145	14900	31.348 M
GLN	GLN Galan Lithium Ltd	0.150	-0.005	-3.226	0.160	0.150	5934326	109.297 M
HAV	HAV Havilah Resources Ltd	0.195	0.005	2.632	0.195	0.195	49087	67.851 M
INF	INF Infinity Lithium Corporation Ltd	0.034	0.001	3.030	0.035	0.030	893168	16.191 M
JRV	JRV Jervois Mining Ltd	0.012	0.001	9.091	0.012	0.011	1962219	32.433 M
KOR	KOR Korab Resources Ltd	0.008	0.000	0.000	0.008	0.008	--	2.936 M
LIT	LIT Lithium Australia NL	0.019	-0.001	-5.000	0.021	0.019	1563539	26.292 M
LPD	LPD Lepidico Ltd	0.002	0.000	0.000	0.002	0.002	173889	17.178 M
MIN	MIN Mineral Resources Ltd	34.950	-2.710	-7.196	36.590	34.650	2617691	7,558.121 M
MLX	MLX Metals X Ltd	0.460	-0.020	-4.167	0.485	0.455	2569834	421.419 M
NAE	NAE New Age Exploration Ltd	0.005	0.000	0.000	0.005	0.004	1123865	10.720 M
SKY	SKY Sky Metals Ltd	0.051	0.003	6.250	0.052	0.047	268493	29.535 M
SRZ	SRZ Stellar Resources Ltd	0.016	-0.001	-5.882	0.017	0.016	3211274	37.436 M
TGN	TGN Tungsten Mining NL	0.060	-0.005	-7.692	0.061	0.060	145520	47.971 M
TYX	TYX Tyranna Resources Ltd	0.003	-0.001	-25.000	0.003	0.003	12	9.864 M
VAR	VAR Variscan Mines Ltd	0.007	-0.001	-12.500	0.007	0.007	109640	5.269 M
VMC	VMC Venus Metals Corporation Ltd	0.076	0.000	0.000	0.076	0.076	15263	13.533 M
VML	VML Vital Metals Ltd	0.002	0.000	0.000	0.002	0.002	321428	17.685 M
VMS	VMS Venture Minerals	0.012	0.000	0.000	0.012	0.011	707658	32.050 M

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Frequently Asked Questions

1. Why invest in tin?

The industrial applications of tin have been widening across sectors over the last 10 years. Several markets, such as electronics, automotive, and housing, have stood as significant drivers for growing tin’s use worldwide. For instance, the usage of lead-acid battery tin has surged strongly in the last couple of years.

The usage of tin may amplify further in the coming decade with a fair blend of advance technologies and lesser number of compliance restrictions.

2. Where does Australia stand in the global tin market?

Majority of the world’s economic tin resources is located in China and other Asian countries, as well as Africa, Brazil, Peru, Bolivia, etc.

Australia is also a prominent producer of tin concentrates. The Renison Bell mine in Tasmania is one of the largest underground tin mines in the world and accounts for over 85% of the country’s economic tin resources. Few of the other tin mines are located in Western Australia and Queensland.

3. What can be used as a tin substitute?

Aluminium, plastic, glass, paper, or tin-free steel can be used as substitutes for tin in containers. Also, materials, such as epoxy resins can be used as a tin substitute for

Solders
Aluminium alloys
Plastics for bearing metals that contain tin
Alternative copper-base alloys, and plastics for bronze, and
Compounds of lead and sodium for some tin chemicals

Traditional transparent conductive oxides, such as indium tin oxide (ITO) are used in making laptop screens, thin-film solar cells as well as smartphone displays. However, there is a need to replace it with a substitute because of its scarcity and increased price. This is being replaced with recyclable electrodes, which are developed through an economical fabrication process.

4. Can tin be recycled?

An important potential source for supply of tin is electronic waste (e-waste). It is estimated that around 50,000 tonnes of tin can be recovered in a year. However, several hindrances related to collection and processing can hamper the desired recycling rate.

Overall, recycling tin is an economically viable activity. For tin products, the average recycled content is measured as its ‘Recycling Input Rate’ (RIR). In the year 2019, the RIR of tin was calculated at 30%, while re-refined tin amounted to 17% of total tin use. The value of RIR has been ranging from 30 to 35% in last 10 years, as per the International Tin Association (ITA).