Tin Shackled by Surplus; Green Industry Demand Poised to Mop Up Supplies
Feb 03,2024 | DAXTROMNSOLAR
Tin prices have been weighed down by excess supply in the market, as well as increased demand from the green industry. The surplus of tin has put downward pressure on its price, but analysts predict that the demand from the green sector will help absorb the excess supply by 2024.
In recent years, there has been a surge in demand for tin due to its use in renewable energy technologies. Tin is a crucial component in the manufacturing of solar panels and batteries, which are essential for green energy production. As the green industry continues to grow, the demand for tin is expected to rise.
However, the current surplus of tin is causing concerns among traders and investors. The oversupply has led to a decline in tin prices, which has negatively affected producers and exporters. In order to stabilize the market, industry experts believe that it is crucial for the demand from the green sector to catch up with the excess supply.
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