Tin already appeared in Homer

Today, the silvery-white soft heavy metal is no longer often used for pewter dishes, but it completes its service in the field of electric soldering and also in medicine. More than 80 percent of tin comes from placer deposits, from central China to Thailand and Indonesia. Tin is also found in the Erzgebirge mountains in Germany. The industrial metal tin is currently suffering the same fate as other industrial metals such as aluminum, nickel and zinc. The profits made in the first quarter of 2022 were wiped out again in the second quarter. This is because recession fears are growing among market participants and weaker demand for metals is expected. In some cases, industrial metals saw significant price increases for many months, which were then followed by a correction in April and May. The reasons for this are the tightening policy of the central banks and the threat of recession. For the USA in particular, many analysts are predicting a recession in 2023. Of course, this does not do metal prices much good.

In addition, there is the still present danger of further corona lockdowns in China, which is not conducive to the economy and thus to the industrial metals. Based on the losses in the second quarter, it seems reasonable to assume that fears of recession are already priced in. Sooner or later, the prices of the industrial metals, and thus also tin, will move up again. Especially if it becomes clear that the Fed can save the US economy from recession. In any case, investors should take advantage of the current low prices to buy tin stocks, for example.

First Tin – https://youtu.be/P6fq8kYrHUk – would come into question. With advanced projects in Germany and Australia, the company has set itself the goal of becoming the largest listed tin producer for the fourth industrial revolution.

Tin One plans to build a mine (Syrymbet deposit) in Kazakhstan. A robust feasibility study is in place, features an open pit mine and a new processing plant with a capacity of 2.5 million tons of material per year.

Current corporate information and press releases from First Tin (- https://www.resource-capital.ch/en/companies/first-tin-plc/ -).

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