Market data

Tin market

The tin market is underpinned by strong fundamentals, related to “tin’s bright electric future” – a broader technology revolution that extends beyond EVs to robotics and the so-called Internet of Things.

About 30% to 40% of tin production is used in the electronics and electrical industry in various products, such as mobiles, tablets, computers, and other consumer electronics products. Additional applications that are gaining commercial importance are wire-wound components, electrical connectors, lithium-ion batteries, UPS power backups, etc. Due to the growth of infrastructure and other electrical end-use applications, they use tin alloys and are expected to be in demand in the near future.

Tin price forecast 2018 - 2025
Source: WorldBank forecast, October 2019
Metals most impacted by new technology
Source: Rio Tinto, MIT

Market trends outlook

The major end-use application of tin in the electronics industry is as a solder. Tin is often used in various purities and alloys, generally with lead and indium. Globally, electronics and IT industries’ production increased by 8% in 2018, and was estimated to further increase by 4% in 2019. Moreover, according to the JEITA, semiconductor manufacturing registered the fastest growth of 16% in 2018, while in 2019, it was expected to rise by 3%. Such positive growth in the electronics manufacturing industry is expected to drive the tin market through the forecast period.

International Tin association

US Geological Survey