New Energy and AI Driving Demand for Tin: Prospects for Photovoltaic Industry Growth

Telah Terbit: Dec 25, 2023 10:10
New consumption brings new "tin" prospects, with new energy and AI driving demand. The continued growth of the photovoltaic industry will drive an increase in the demand for tin used in photovoltaic solder strips. It is estimated that the demand for tin in photovoltaic solder strips will reach 27,000/33,000/41,000 tons in 2023-2025, with a demand CAGR of 34.2%. At the same time, the development of electronic systems for new energy vehicles will also drive an increase in the use of tin in automobiles, with an estimated CAGR of 6.0% from 2022 to 2025. Additionally, the rapid development of AI technology will expand the development of AI servers and increase the demand for tin. Therefore, the future demand for tin will be driven by the photovoltaic industry, new energy vehicles, and AI technology in common.

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New consumption brings new "tin" prospects, with new energy and AI dri - Shanghai Metals Market (SMM)