History of Tin

Tin is and has always been a transformative metal. Among the earliest metals used by humans, tin played a key role in the creation of bronze (an alloy of copper and tin), whose discovery marked a transition away from the more delicate tools of the Stone Age and towards more robust Bronze Age weapons and utensils, around 5,500 years ago. Bronze was significantly harder and more durable than other metals available at the time, and it was tin’s low melting point that made bronze suitable for alloying using pottery kilns, allowing for its accessibility.

Tin gradually fell out of widespread use due to the discovery of iron smelting and the start of the Iron Age. Its next major resurgence came centuries later with the discovery that a thin coating of tin could prevent corrosion on steel – an advantage enhanced by tin’s non-toxic nature and potential anti-microbial properties.

This innovation traces back to 1795 when Napoleon’s French government offered a reward of 12,000 francs to anyone who could devise a reliable method for preserving food for long naval expeditions. Nicolas Appert claimed the prize by developing this method of sterilisation using tin, and in 1810, British merchant Peter Durand received the first patent for preserving food using tin cans – two ground-breaking breakthroughs in food preservation. This technique remains in use today and saw a notable resurgence during the recent Coronavirus pandemic, as people stockpiled non-perishable essentials.

Today, tin’s vital role as a composite metal in solder continues to shift it into evermore critical areas of development. While evidence suggests that soldering was practiced over 5,000 years ago in ancient Mesopotamia (present-day Iraq), its use expanded dramatically in the mid-20th century with the rise of modern technology.

Tin’s Contemporary Applications

Solder represents the largest current application of tin globally, making up around 51% of total consumption, primarily through its use in joining circuit boards. With the global semiconductor market projected to double from approximately $400 billion in 2021 ($627.6 billion in 2024 according to The Semiconductor Industry Association ) to $803 billion by 2028, demand is rising sharply. This rapid growth is driven by emerging technologies such as artificial intelligence, 5G, robotics, and consumer electronics.

Another transformative industry where tin plays a significant role, is in the growth of solar photovoltaics (PV), with solder ribbons used to connect solar panels, junction boxes, and PV electronics. In 2022 alone, this accounted for 22,000 tonnes of tin, and the International Tin Association forecasts that demand will double by 2030 as the adoption of solar energy increases.

Effectively a “turbocharger” of lithium, tin is found in both lead-acid and lithium-ion batteries, with the most advanced lithium-ion battery technologies now using tin anodes to enable significantly faster recharge times compared to traditional methods. Not to mention the metal’s other uses as a chemical agent in the production of flat glass panels, the stabilisation of PVC and plastics, the plating of steel cans, and so much more, making tin a critical material in any plan to decarbonise the world, notably in the accelerating electric and autonomous vehicle sector, where revenue is growing at a five-year compound annual growth rate of 21%.

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.

Supply vs Demand

While demand for tin continues to rise sharply, supply faces significant challenges.

The global tin supply chain is more depleted than ever, with inventories sitting at critical levels – particularly across Europe and North America – and is forecast to remain in sustained deficit for the foreseeable future.

Compounding the issue, primary tin production has stagnated over the past decade. Currently, over 90% of global tin supply is produced from emerging and developing economies experiencing conflict and supply disruptions, with a significant proportion from small-scale artisanal mining which is generally poorly regulated and often damaging to the environment.

This growing imbalance underscores the urgent need for a reliable and responsible tin supply.

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%.