Published: Dec 27, 2023 09:39
The main consumer sectors are accelerating their development, injecting momentum into the increasing demand for refined tin. Soldering materials play a significant role in global tin consumption, with approximately 75% of soldering materials entering the consumer electronics, computer, and communication terminal markets through the semiconductor industry chain. Tin consumption was affected by the decline in the semiconductor market in 2023, but it is expected to rebound by over 10% in 2024. Additionally, the sustained high growth in the photovoltaic and new energy vehicle markets will also drive tin consumption, with the total consumption expected to reach 385,400 tons in 2024.

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