Tin (Sn) is a metal that belongs to the carbon family, which is found in Group 14 of the periodic table. It is a silvery-white colored metal that has a bluish Tint along the surface. Tin is a highly malleable and ductile material that can be commercially used to draw wires and pressed into sheets. Tin forms a film that comprises oxides when exposed to air. It can be dissolved in acids and bases and is a non-toxic material with melTing and boiling points measuring around 231.9° C and 2602° C, respectively. It is allotropic in nature and can be available in more than one form, which includes grey and white Tin.
It is extracted from cassiterite, which is a mineral that contains the natural oxide of Tin. The mineral is then processed and undergoes smelTing, from which Tin is obtained as the final product. It is widely used in both chemical and metal manufacturing industries.
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The key imporTing countries for Tin are India, China, and Vietnam. On the other hand, the key imporTing countries include Vietnam, the United States, and India.
Key Details About the Tin Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Tin price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Tin Price chart, including India Tin price, USA Tin price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses ImpacTing Tin Price Trend:
Tin has a wider range of applications, primarily in the chemical and metal manufacturing industries. It is used in various metallic products, which include collapsible tubes, gas sensors, ceramics, food containers, steel cans, bearings, solders, etc. It is also mixed with other metals to produce alloys of Tin which are also used in commercial applications on a large scale. Alloys like soft solder, bronze, phosphor bronze, and pewter are a few of the crucial alloys made up of Tin. Niobium-Tin is used in manufacturing superconducTing magnets. Additionally, Tin is an excellent material that exhibits corrosion resistivity. Hence, it is used for coaTing commercial materials and other metals, such as steel, copper, and iron, to prevent corrosion.
Key Players:
- Umicore N.V
- American Elements
- Yunnan Tin Group Company Limited (YTC)
- PT Timah (Persero) Tbk
- Malaysia SmelTing Corporation Berhad
- Minsur S.A
- Thailand SmelTing and Refining Co., Ltd. (THAISARCO)
News & Recent Development
- Date: April 15, 2023- Indonesia plans to ban the export of Tin metal, bauxite, and cobalt, effective from June 2023.
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