TELF AG, in its latest publication, titled “TELF AG comments on the trends of global tin market,” offers commentary on the trends within the global tin market, with a particular focus on recent significant price drops. The publication delves into potential factors contributing to this performance while also presenting hypotheses regarding expected recoveries in the coming year and the medium to long term.
The publication begins by highlighting the diverse applications of tin, especially within the electronics sector. Tin is a crucial raw material for semiconductor production, an essential component of electronic devices and household appliances used daily by millions.
TELF AG also notes an intriguing insight regarding chip production. Over the coming years, the demand for these vital electronic components is projected to surge, with estimates suggesting that by 2030, global chip and semiconductor demand could necessitate the production of nearly 200 chips for every individual on Earth.
The recent drop in tin prices is partially attributed to reduced demand for electronic devices resulting from the easing of global COVID-19 restrictions. During the pandemic’s height, demand for devices saw a sharp increase, leading to a parallel rise in demand for the raw materials required for their components, including tin. The decline in prices, as suggested in the publication, is likely temporary and tied to the specific circumstances of the moment, such as reduced time spent at home and in close proximity to electronic devices.
Additionally, TELF AG mentions other potential factors contributing to the general drop in tin prices, including the persistent slowdown in global economic growth and specific structural issues observed in China and Japan, both major global semiconductor exporters.
For more in-depth information, the full publication is available to read on the TELF AG website.
