TIN

General Characteristics of Tin

Importance and Utilization

Cassiterite (SnO2) serves as the primary mineral ore of tin, a vital commodity in international trade. Tin finds extensive use across various industries, including food packaging, electronics, culinary equipment, tin chemicals, plumbing solders, engineering alloys, and arts.

Versatility in Applications

Tin’s versatility extends to its ability to form alloys, imparting hardness and strength. It plays a crucial role in solders, as it readily alloys with base metals, and finds applications in pewter, bronze, dental amalgams, anti-corrosion coatings, wine capsules, and fire retardants.

Industrial Application Breakdown

Tin’s industrial application spans sectors such as solders (32%), tinplate (27%), alloys (14%), PVC stabilizers (6%), and tinning (4%).

Global Scenario

Production and Distribution

World tin production fluctuates between 2.4 to 3.1 lakh tons, with major producers including China, Indonesia, Peru, Bolivia, and Brazil, collectively accounting for around 91% of global production. Secondary tin production is significant in the United States.

Consumption and Supply Dynamics

World tin consumption exceeds supply, with Japan being the largest consumer, followed by China and the USA.

Major Tin Markets

The London Metal Exchange serves as the primary reference market for futures trading in tin.

Indian Scenario

Production and Imports

India’s tin production is minimal, around 10 tons, with most requirements met through imports, estimated at around 4000 tons, including scrap.

Tinplate Packaging Market

Tinplate packaging is gaining traction in India, primarily used in packaging for edible oil & cashew, processed food, and non-food items. The market size for tin plate packaging is estimated to be around 3,00,000 tons.