History of Tin

Tin is one of the earliest metals utilised by humans and forms an important component of bronze (an alloy of copper and tin) – the discovery of which ushered in the start of the Bronze Age and the end of the Stone Age around 5,500 years ago. Bronze is harder and more durable than other metals available at that time, and tin has a low melting point, making it easy to produce alloys using the pottery kilns available then.

Tin subsequently fell out of favour due to the discovery of iron smelting and the start of the Iron Age. The next major development for tin was the discovery that coating steel with a thin layer of tin could prevent corrosion and allow food to be kept in “tin cans” for extended periods of time. This began in 1795 when the French government, led by Napoleon, offered a prize of 12,000 francs to anyone who could invent a method of preserving food for its long naval campaigns. Nicolas Appert received the prize for preserving food by sterilization. Peter Durand, a British merchant, received the first patent for the idea of preserving food using tin cans on August 25, 1810. The method is still used today, and the recent pandemic saw a significant increase in the use of tin cans due to people stockpiling food.

Although there is evidence that soldering was used over 5,000 years ago in ancient Mesopotamia (now modern day Iraq) , the use of solder rapidly gained pace in the mid-20th century due to the increase in consumer electronics. Solder is currently the major use of tin worldwide, accounting for about 49% of total consumption, and has grown recently due to the elimination of lead in solder, meaning more tin is necessary to fill the gap.

It is interesting to note that tin in its metallic form is non-toxic and actually appears to have anti-microbial properties – hence its use in tin cans and other forms of food packaging. As tin may be used to replace lead in certain applications, its use as a replacement has increased since the recognition of the toxicity of lead.

Source: Thunder Said Energy

Tin demand is driven by the energy transition

Tin is a critical metal, vital in any plan to decarbonise and electrify the world, yet Europe has very little supply. Rising demand, together with shortages, is expected to lead tin to experience sustained deficit markets for the foreseeable future.

Currently, 97% of global tin supply is from emerging / developing economies, 40% of which is derived from artisanal and small-scale miners. Most of the world’s tin comes from alluvial mining, a highly unsustainable practice.

The world desperately needs new sources of tin supply however there are few projects operating, even fewer sustainable ones. With demand for tin being driven by increased use of electronics, the rise of internet of things and the green energy revolution, the tin deficit has resulted in the tin supply chain being the most depleted in history and at critical levels.

Tin demand is driven by the energy transition

Tin is a critical metal, vital in any plan to decarbonise and electrify the world, yet Europe has very little supply. Rising demand, together with shortages, is expected to lead tin to experience sustained deficit markets for the foreseeable future.

Currently, 97% of global tin supply is from emerging / developing economies, 40% of which is derived from artisanal and small-scale miners. Most of the world’s tin comes from alluvial mining, a highly unsustainable practice.

The world desperately needs new sources of tin supply however there are few projects operating, even fewer sustainable ones. With demand for tin being driven by increased use of electronics, the rise of internet of things and the green energy revolution, the tin deficit has resulted in the tin supply chain being the most depleted in history and at critical levels.

Uses of tin

Tin’s biggest use is in semiconductors. Over 50% of the worlds tin is used as an electronic solder for joining circuit boards. Demand of semiconductor is surging and the global semiconductor market is projected to double in the next five years (from approximately $400 billion in 2021 to $803 billion in 2028). The strong growth is driven by demand for emerging technologies such as electric and autonomous vehicles, (revenue from this segment alone is growing at a five year CAGR of 21%), artificial intelligence, 5G, internet of things as well as consumer electronics.

Tin also has a big role to play in the growth of solar PV, with solder ribbon used to join solar panels. That represented 7500t of tin use in 2016, with the International Tin Association predicting the market will double by 2030 as the usage of solar renewable energy rises.

Tin is also used as a chemical in making flat glass panels, stabilises PVC and plastics, plating for steel cans and is contained in both lead-acid and lithium ion batteries. Tin essentially turbo charges lithium. The current best technologies for lithium ion batteries involve tin anodes, which enable significantly faster recharge than any other technology.

Uses of tin

Tin’s biggest use is in semiconductors. Over 50% of the worlds tin is used as an electronic solder for joining circuit boards. Demand of semiconductor is surging and the global semiconductor market is projected to double in the next five years (from approximately $400 billion in 2021 to $803 billion in 2028). The strong growth is driven by demand for emerging technologies such as electric and autonomous vehicles, (revenue from this segment alone is growing at a five year CAGR of 21%), artificial intelligence, 5G, internet of things as well as consumer electronics.

Tin also has a big role to play in the growth of solar PV, with solder ribbon used to join solar panels. That represented 7500t of tin use in 2016, with the International Tin Association predicting the market will double by 2030 as the usage of solar renewable energy rises.

Tin is also used as a chemical in making flat glass panels, stabilises PVC and plastics, plating for steel cans and is contained in both lead-acid and lithium ion batteries. Tin essentially turbo charges lithium. The current best technologies for lithium ion batteries involve tin anodes, which enable significantly faster recharge than any other technology.

Solar Panels

Lithium Ion Batteries

Electromagnetic Induction

AC Appliances

Tin cans

Communicate and connect, tin and 5G

Real market boosts beyond 2025

  • China leading with 500,000 Base Stations built.
  • New Density Microcell Base Stations 3x.
  • IOT and other Smart Devices Billions to be enabled.
  • New Data Centres for Computing and AI.

Source: ITA

Communicate and connect, tin and 5G

Real market boosts beyond 2025

  • China leading with 500,000 Base Stations built.
  • New Density Microcell Base Stations 3x.
  • IOT and other Smart Devices Billions to be enabled.
  • New Data Centres for Computing and AI.

Source: ITA

Electrify with tin: electric vehicle demand

EV Uses 3x More Tin (~1,200g tin)

  • EV uses 3x more tin (~1,200g tin) than an ICE vehicle (400g tin), primarily in the solder of electronic components (Source:LME).

EV sales to reach 32% share by 2030

  • Climate change driving emissions regulation.
  • Governments setting deadlines for ICE bans.

Electronics content in EV to increase 5x

  • Auto electronics already at 7% growth.
  • Multiple new control, safety, communications systems needed for EV.
  • Autonomous vehicles $15,000 electronics.

Sustained deficit in 361,500 tpa tin market

  • Growth in Car Electronic Usage – 7%.
  • Electronic Components in EVs – 5x.
  • Growth in 2021 Tin Demand Forecast (ITA) – 6%.

Electrify with tin: electric vehicle demand

EV Uses 3x More Tin (~1,200g tin)

  • EV uses 3x more tin (~1,200g tin) than an ICE vehicle (400g tin), primarily in the solder of electronic components (Source:LME).

EV sales to reach 32% share by 2030

  • Climate change driving emissions regulation.
  • Governments setting deadlines for ICE bans.

Electronics content in EV to increase 5x

  • Auto electronics already at 7% growth.
  • Multiple new control, safety, communications systems needed for EV.
  • Autonomous vehicles $15,000 electronics.

Sustained deficit in 361,500 tpa tin market

  • Growth in Car Electronic Usage – 7%.
  • Electronic Components in EVs – 5x.
  • Growth in 2021 Tin Demand Forecast (ITA) – 6%.