Dallas, TX (PRWEB) June 23, 2013
According to the Minerals Commodity Summaries 2012 issued by the Geological Survey of the US, the global proven reserves of tin resources are 4.8 million tons, mainly concentrating on China, Indonesia, Peru, Brazil, Bolivia, Malaysia and other regions. China’s reserves of tin resources rank the global first with the proven reserves of 1.5 million tons, accounting for 31.25% of the global proven reserves. The growth rate of the global proven reserves of resources is lower than that of mine development consumption; resource reserves show a decline trend.
In 2012, the total output of refined tin declined a little, which was mainly related to the following condition that the production enthusiasm of metallurgy enterprises was shocked because the downstream demand shrank and the cost of tin ore remained high. With the influence of continuous European debt crisis, Chinese domestic economy slowing the growth and other factors, in 2012, the price of tin at home and abroad rose first and then declined, the average price declining a lot compared with 2011 over the same time and leading to decline with different degree of tin and other major products’ sales average price. In the meanwhile, with the influence of tine ore resource tax’s year-on-year growth of 20 times the cost of the tin producing raw materials as well as the decline of the cost of purchasing raw materials etc., the gross profit margins of products appeared the decline with different degree.
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In 2012, the global output of refined tin was 334,000 tons with the consumption of 345,000 tons, and for tin product, the supply was still less than demand. It is predicted that the trend that supply shortage will still continue in the future three years. By 2017, the global output of refined tin will reach 408,000 tons and the market demand will reach 410,000 tons.
According to this research, in 2013, the consumption demand of non-ferrous metal products especially the deep processing ones is expected to increase, and the overall operation environment of the industry may be better than 2012. In the future three-five years, for the electronic tin soldering and tin plates, the competitive and miniaturized package materials with new integrated technology and low coating weight may use less tin. But the emergence of mobile and intelligent terminals, lead-free and green tin chemicals as well as the application of tin in the new energy and other fields can not only completely counter weigh the deduction trend but also make the largest contribution to the growth of tin demand.
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