Micro research report: Supply side resources are scarce and concentrated demand for tin metal is expected to improve marginally

The supply side resources are scarce and concentrated, and the risk of reduced production in traditional mining areas still exists, with limited new supply. On the reserve side, global tin ore reserves are concentrated in countries such as Indonesia, China, and Myanmar, and have shown an overall contraction trend since 2000. On the production side, global tin ore production has remained stable around 300000 tons in the past decade and there will be little increase in supply in the future. With the development of global Internet of Things construction and energy structure adjustment in recent years, the demand for new energy fields such as photovoltaic solder strips and tin for new energy vehicles still maintains a high growth rate.