The Value of Recycling Tin
The increase in the use of tin, as an unpolluted scarce metal, is mainly driven by the emphasis on environmental protection. Advances in technology and the emergence of substitutes or replacement options are the main factors influencing the supply and demand relationship of tin metal, ultimately affecting the long-term trend of tin prices. The scarcity of tin and its highly concentrated production mean that tin supply will not see a significant increase in the coming years. Under the impetus of high environmental standards worldwide, the future growth rate of tin consumption will exceed the growth rate of tin supply, leading to a wave-like operation of tin prices with a continuously rising bottom.
1. Tin has a wide range of applications that other metals cannot replace, including use in alloys, aerospace materials, electronics, and canned goods packaging.
2. If used without restriction, the world's tin production can only meet demand for five years. China is a major country in terms of tin ore resources, with a basic reserve of 1.843 million tons, accounting for 24% of the world's basic tin reserves.
3. Modern industry cannot function without tin, especially in large-scale computer numerical control (CNC) machining processes.
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