Investor Presentaiton
Tin market in deficit
Global tin stockpiles sit at around ~13.6kt with tin concentrate hard to secure
Global tin demand is forecast to increase 3-4%pa to
service the technology revolution.
Refined tin forecast
Forecast tin deficit
550Kt
0
.
~3%pa growth (vs. historic 1.8% pa) is forecast to cause tin metal
deficits 50-100ktpa by 2030.
-10kt
500Kt
-20kt
•
Global refined tin production is forecast to also grow, albeit currently
at a lower rate than demand growth.
-30kt
Refined tin demand (LHS)
Refined tin production (LHS)
450Kt
--40Kt
.
Existing tin mines are mostly producing from lower grade,
diminishing reserves, requiring new investment into sector.
CAGR (3.34%)
-50Kt
400Kt
--60Kt
.
• New investment is challenged due to majority of projects being either
high CAPEX underground mines, hard rock mineralisation or located
in risky jurisdictions.
Very few low risk Environmental, Social, Governance (ESG) projects
in global pipeline.
6 Source: ITA (International Tin Association) Q1 Update
-70Kt
350Kt
2020
2022
-80Kt
2024
2026
2028
2030
ELEMENTOS
TOMORROW'S TIN
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