The Green Technology Revolution

The UK is totally dependent on tin imports, of which 75% come from Asia (mainly China, Indonesia, Myanmar), which can involve low ethics in production, exploitation of workers, and high carbon emissions…

…but there is a better way.
Cornish Tin Limited is helping to drive the development of Green Mining in Cornwall and the UK.

Our green future needs sustainably mined resources, and MIT predictions put tin at the top of the list of metals needed for the green technology revolution.

Tin is essential to build and power new generation technology. Cornwall has an important domestic resource and can mitigate total UK dependence on tin imports.

UK Government target of net-zero vehicle emissions by 2040 is increasing the demand for tin. "Around half of all tin used globally goes into soldering circuit-boards, the hidden drivers of the electronic world, meaning it is everywhere but nowhere to be seen. The metal may not grab the headlines in the same way as cobalt or lithium, but electric vehicles aren't leaving the garage without it." Reuters 19 May 2021

Industry Overview

Most Impacted Metal by Technology

Massachusetts Institute of Technology (MIT) analysis for Rio Tinto in 2018 identified tin as the metal most likely to be positively impacted by the electric vehicle and energy storage revolution, with other key drivers of demand being advanced robotics, computation, climate change and the Technology of Things.

Upward Pressure on Tin Price

The current high tin price has been long-predicted. The tin market is small (~360,000 tpy) but “if MIT is right in its findings, there is a slow-burn bull fuse smoking away in the tiny tin market” (The National: 2018) and the International Tin Association (ITA) New Technologies Report 2020 reinforced this assessment.

Technology Supercycle Driving a Global Surge in Demand For Tin

ITA New Technologies Report 2020 also predicted theTECHNOLOGY SUPERCYCLE which is now driving a surge in global demand for tin as a necessary component in many developing technologies. Any combination of supply disruption is going to have an outsize impact on price.

Increasing Demand in Conventional Applications

In addition to the disruptive effect on the tin market caused by new technologies, there is stable demand and historic steady growth at 2% to 3% pa in conventional applications,including electronic and industrial solder, chemicals, tinplate, float glass, brass and bronze.

Global Demand Forecast to Outstrip Supply

Thin supply pipeline: depletion of existing mine reserves and recent lack of investment in early stage exploration projects indicate that global supply is unlikely to keep pace with future demand.Forecasters expect ongoing increasing deficits, with demand continuing to increase and global supply continuing to fall, unless new production comes on stream.

Cornwall ready to re-take its position as Europe’s leading tin producer

Tin is already designated as a critical mineral by both China and the US, and is on the edge of criticality in the EU raw material risk matrix. Cornwall is well placed through the tonnage and high grades of its tin resources to re-take its former position as Europe’s leading tin producing area.

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