Long associated with humble cans, tin is quietly becoming one of the most critical technology metals of our time. Propelled by the twin engines of decarbonization and digital advancements, the global market for tin is undergoing a radical transformation. According to industry analysis, demand for this forgotten metal is projected to double between 2020 and 2040¹.

Industry analyses, including reports like the World Silver Survey, indicate these can stem from factors such as the maturation of major orebodies, shifting capital investment cycles, the extended timelines required for new mine development, fluctuating operational costs, and evolving regulatory environments in key silver-producing nations. This decrease from mining operations is a crucial factor in this year's overall market deficit.

Over the past decade, industrial demand has steadily claimed a larger share of global silver mine production. This trend reflects silver’s expanding role in technology and manufacturing, especially in areas such as renewable energy and electronics.