Tin for the electronics boom
The world is changing rapidly. The supply of vital resources such as tin is a challenge.
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Tin is an important technology metal whose demand will increase due to digitalization, increasing use of electronics and net zero targets. Today, around 97 percent of the world's tin supply comes from developing and emerging countries. Approximately 40 percent comes from artisanal mining. In some cases, this has catastrophic consequences for the environment. One example is the Indonesian island of Bangka. Around 100,000 workers mine tin there. Tin was discovered on this island about 300 years ago; today, illegal prospectors and large corporations are on site. Even the seabed off the coast is searched for tin. Bangka is part of a huge tin vein, the largest tin deposit on earth. This tin vein stretches from Indonesia to China. Not only the electronics boom, but also car parts, medical technology and food cans need tin in their production. Efforts for environmentally friendly mining or transparent supply chains are not easy to achieve. It is therefore important that the growing demand for tin is served by companies committed to responsible tin supply.
Compliance with environmental controls and procedures is important, as is minimizing impacts on land, water, air and climate. However, there are companies that care about sustainable tin mining.
Tin One - https://www.commodity-tv.com/ondemand/companies/profil/tinone-resources-inc/, for example, with its highly promising portfolio of tin, lithium and tin/tungsten projects in Tasmania and New South Wales, Australia. In Tasmania, Tin One controls some of the most important tin districts. New concession areas have recently been added in northeast Tasmania (Mount Maurice project, tin and lithium).
There are also advanced tin projects in Germany, namely from First Tin - https://www.commodity-tv.com/ondemand/companies/profil/first-tin-ltd/ - in the Erzgebirge. First Tin is also active in Australia. The company aims to have two tin mines ready for production in three years at the latest.
Corporate information and press releases from First Tin (https://www.resource-capital.ch/en/companies/first-tin-plc/ ).
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