With the symbol Sn and atomic number 50, tin is a chemical element that appears as a silvery-coloured metal. Tin is quite a soft metal that can be cut with a slight force, and a tin bar can be bent with a little effort using the hands. When it is bent, the supposed “tin cry” sound can be heard due to the twinning in tin crystals. Such an attribute is also common in indium, cadmium, zinc, and mercury when in the solid state. Once the pure tin solidifies, it presents a mirror-like appearance like several metals. Besides, the metal hardens with a dull grey colour in nearly all tin alloys like pewter. The age-old usage of tin is in making alloys with lead as solder. These solders and mainly employed for joining pipes or electric circuits.
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China is the leading tin mining country in the world, followed by Indonesia.
Key Details About the Tin Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Tin price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Tin price trend, including India Tin price, USA Tin price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Tin Price Trend:
A large amount of tin produced is used as an alloy with other metals such as lead or zinc or as a protective coating. Tin is also used in the production of glass, bearing alloys, coatings for steel containers, solders for connecting pipes and electrical/electronic circuits, among other tin chemical uses. Due to its strong corrosion resistance, tin is used in plating, coating, and polishing. It is primarily used to shield against corrosion, oxidation, and erosion in the open air. Moreover, tin oxide, which has a +4-oxidation state, is helpful in making ceramic bodies obscure as a moderate abrasive and weighting agent for fabrics. Besides, tin compounds act as stabilisers in specific plastics and as wood additives.
- Umicore N.V.
- American Elements
- Yunnan Tin Group Company Limited (YTC)
- PT Timah (Persero) Tbk
- Malaysia Smelting Corporation Berhad
- Minsur S.A.
- Thailand Smelting and Refining Co., Ltd. (THAISARCO)
News & Recent Development:
- March 10, 2022: Tin overtook all other base metals concerning its price, breaking all previous highs. The metals seem to have a good and consistent future as a critical raw material in the technologies essential for the Fourth Industrial Revolution and the shift to a net-zero carbon economy. Besides, tin is also taking advantage of its usage in lead-acid batteries and solders, which are further utilised to connect solar cells.
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