Tin is one of the major soldering ingredients used in electronic components today since it is more environmentally friendly than lead. For example, every iPhone has approximately 1-3 grams of tin, which makes it one of the biggest metal sources used by Apple. Unfortunately, it is difficult to recycle tin to its original purity and therefore mining of the virgin metal is required.
As the demand for tin grows, prices for the metal reached a multi-year high and will most likely continue to rise. Tin has been the best performing commodity in 2016 catching the attention of resource investors. The price for tin increased from US$14,745/t in November 2015 to US$21,250/t in November 2016, a 45% gain. We will continue to follow and provide updates on this and other market fluctuations.