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Tin price on the way up - Vimarsana News

Tin price on the way up

China-s appetite for tin is growing and supply fears in Peru are increasing. The tin price has broken through the US$30,000 mark. China-s imports have already increased this year and concerns about tin supply have risen by 17 percent. As recently as March 2022, a ton of zinc cost around US$50,000. Then the price fell to around US$17,000. That-s because lockdowns caused solder demand to cool. But now the picture has changed. In 2023 alone, the tin price has already gone up about 17 percent. In

Bet on the future and tin - Vimarsana News

Bet on the future and tin

Nothing works in the electronics sector without tin. The growth of green energies and the digitalization push demand tin. In recent months, the price of tin has risen, with one ton currently costing almost 30,000 US dollars. Although tin is not a currency like gold, it is a raw material without which modern electronic products would not be feasible. This is because tin is used as a solder. Around half of the demand for tin therefore goes to soldering. And microchips need solder. Microchips are u

Tin is an industrial and high-tech metal - Vimarsana News

Tin is an industrial and high-tech metal

Tin has very good fundamental prospects for the future. Demand can mostly only be met with recycling. Caused by new fields of application, the demand for the metal will increase. Tin serves as the solder that connects all electronic products. At the same time, it is an essential element of the green turn. Whether electric vehicles, automation applications or solar panels, they all need tin. Solar panels are the main element of any photovoltaic system. This is where solar energy is converted into

What snowflakes have to do with tin - Vimarsana News

What snowflakes have to do with tin

. Tin should not be undervalued, as it does valuable work in decarbonization and electrification. As ornaments for the Christmas tree, snowflakes made of tin are available for purchase. Even more interesting are metallic snowflakes grown from nanoparticles. Scientists in Australia and New Zealand are developing new materials, working at the atomic level and manipulating metals such as tin, copper, nickel, platinum and silver. They grew metal crystals in a liquid made of gallium. By chance, tiny

The history of the tin price - Vimarsana News

The history of the tin price

Over the last 60 years, the tin price has been subject to major fluctuations. In 1960, the metal, which is mainly used for solders, tinplate, chemicals and pigments, cost around US$2,500 per ton. The price rose, climbing to around US$17,500 per ton in the 1970s. Subsequently, there was profit-taking and the tin price returned to around US$3,500 per ton in the early 2000s. In 2011, an economic upswing saw the tin price reach a staggering US$32,000. A halving of the price followed. In May 2020, Co