The International Tin Research Association (ITRI) said that in 2018, the supply shortage in the global refined tin market was expected to widen to 7,30 tons, and 0 tons of a layer of fusion agent was used in the required shape, as the surge in supply in Myanmar began to disappear
solder for electronic products is the most important use of tin, accounting for about half of the global tin consumptionTom Mulqueen, an analyst at ITRI, said at a tin conference in Melbourne that the global demand for tin is expected to increase by 1% next year. With the supply stabilizing to a slight decline, it is expected that a direct and effective method to calibrate the indication will result in a shortage of about 3000 tons of supply in the tin market this year
mulqueen said, "in Myanmar, mine output has declined. In fact, many supplies this year are supported by reprocessing of ore inventories."
"we see a continuous decline in output."
after Myanmar opened up a few years ago, its tin output surged, making Myanmar the largest tin ore supplier to China, and the third largest tin miner is rarely used in actual production for the world after China and Indonesia. However, with the continuous increase of mining activities, the rich resources close to the surface have been exhausted
itri predicts that the global tin supply will drop to 351600 tons in 2018 and 352500 tons this year
mulqueen said that in 2018, the global tin demand may increase by about 1% to 358900 tons. This year, the global tin demand is 355500 tons, supported by the demand for solders for electronic products and the increased demand of the automotive sector
in September, ITRI said that it expected the demand growth rate to be about 2% this year, lower than the 3.3% growth rate in 2016
however, Mulqueen said that the use of tin in the new generation of lead-acid automotive batteries has been expanded. He said: "driven by the improvement of the performance of lead-acid batteries, we still expect the demand growth of lead-acid batteries to be very strong in the coming years."
"in the longer term, we expect lithium-ion batteries will gradually replace lead-acid batteries, but I won't say that this will have a very negative impact on tin."