Investors
About Tin
What is Tin?
Tin is a naturally occurring metal valued for its relatively low melting point, corrosion resistance and ability to form alloys and protective coatings. The principal commercial tin mineral is cassiterite (SnO2). Tin is used in solders for electrical and electronic circuits, coatings for steel containers, bearing alloys, glassmaking and a range of chemical applications.
Where is Tin Used?
Semiconductors: Consumer devices, vehicles, communications, industrial automation and conventional data centres contribute to semiconductor demand.
Artificial Intelligence (AI): AI systems require specialised computing hardware, including servers, processors, memory and networking equipment.
Solder: Connects components in electronics, vehicles, industrial equipment and energy systems.
Tin chemicals: Used in applications including catalysts, coatings, glass and polymer additives.
Tinplate: Provides a corrosion-resistant coating for steel packaging.
Batteries and alloys: Tin is used in lead-acid batteries and in alloys with metals including copper.
Why Tin?
Low Melting Point
Corrosion Resistance
Versatility
Recyclability
Ability to form Alloys
Global Tin Demand
As the global transition towards cleaner energy sources intensifies, demand for tin across electronics and energy-transition applications is expected to increase. Its established use in electronics, combined with emerging demand from electrification technologies, supports the outlook for future market growth.
Demand
- 26% Growth in solder, boosted by energy transition
- 20% Growth in other sectors
Secondary supply
- Set to grow steadily as industry grows, new technologies
- Feedstock competition a limit
Existing mines
- Initial recovery
- Long-term decline due to grades, policy
New mines
- Approximately $3.7 billion required by 2035 to plug the deficit
The shifting geopolitical landscape around critical minerals is creating favourable conditions for tin developers operating in politically stable jurisdictions. Projects such as Stellar’s flagship Heemskirk Tin Project in Tasmania, Australia, can serve regional markets and are likely to attract premium buyers as countries prioritise secure and reliable supply chains.
While near-term volatility in tin prices is expected to persist, the market’s long-term outlook is supported by a high demand forecast, potentially due to factors including limited substitution risks in key industrial applications and supply uncertainty from key producers like Indonesia and Myanmar. Stellar is well positioned to bridge the gap required to meet future demand.
