Following the International Tin Research Institute’s (ITRI) Investing in Tin seminar last week, ITRI’s Peter Kettle sat down with BRR Media to offer his expertise on the outlook for the tin market and industry.
Peter discusses the current uses for tin, demand outstripping supply and his view on rising tin prices.
Please click here to view the interview.
Stellar Resources was delighted to welcome Peter Kettle, Manager of Statistics and Market Studies at the International Tin Research Institute (ITRI) to the RACV Club in Melbourne on Monday 17 September as part of the Australian Tin Tour.
ITRI is the UK-based international tin industry association representing two-thirds of the world’s refined metal production. Its main objective over its 80-year history has been to support tin usage.
Peter provided guests with an up-to-date overview of the outlook for the tin industry and answered many robust questions about the current state of the tin market and its many uses and applications.
The four-year CRU commodity outlook for tin is hot with a strong price outlook as demand from China and the electronics market continues to outstrip current supply.
Peter Kettle told an audience of 40, “It is an exciting time for tin, with new markets being explored and tin replacing lead as the preferred solder.”
Despite the positive outlook for tin, Peter reminded guests that continued investment and support for tin is needed to maintain production levels and fulfill demand.
Stellar Resources is part of the ITRI Explorers and Developers Group and is developing the Heemskirk Tin Project in Tasmania, part of the next generation of new mine projects.
Click here to view Peter’s presentation, and for further information about ITRI visit www.itri.co.uk.
Dr. Alex Cowie, editor of Diggers and Drillers, bangs the drum for tin in his latest report following his attendance at the International Tin Research Institute (ITRI) Investing in Tin seminar held in Melbourne on September 17. To read Dr. Cowie’s take on tin click here.
No longer is tin subjected to the humble canned foods that stock our supermarket shelves as the metal is given a new lease in life, largely through new technologies. Its use in technology began early in 2000 when US EPA banned the use of lead solders in electronics, sending tin solder up overnight. Tin has seen strong signs of growth, partially due to the consumer thirst for electronics, particularly mobile phones and computers, which have contributed to the drive in demand for tin. Risks associated with the main applications of electronic solders and tinplate suggests new assembly technologies as well as lower coating weights could negate usage. The balancing act remains on the prospects for new applications in tin chemicals and energy related technologies such as lithium ion batteries and steel alloys.
The switch to lead-free soldering around the world has added to the commodity growth as circuit boards used to be contained with 6-63% of tin, currently close to 96-99%. If we make a link to the crazed frenzy for electronics produced by mavens such as Apple, it clearly suggests that tin is a highly desired commodity and opens up the challenge for whether Australia can deliver its supply.
Tin’s progression goes beyond consumer products where its use can be found to help animals with the development of antimicrobial activity in tin that provides healthcare solutions. Healthcare products that are being developed work in preventing and treating skin diseases in bovine (cattle), equine (horses), canine (dogs) and other animal sectors. Tin has become a valuable resource where its purpose is constantly being redefined. While its future remains poised and acknowledging the importance of generating investment in the tin industry, ITRI has moved towards ensuring the industry remains stimulated by funds through creating a members association to assure global tin consumers work is securing long-term tin supplies.
Tin Solder Report, Australia’s Paydirt May 2010
Tin soldering on, Australia’s Paydirt, June 2011