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Swiss Resource Capital AG Poststrasse 1 9100 Herisau, Switzerland http://www.resource-capital.ch
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Electronics devour raw materials

Not only modern technologies such as wind and solar energy or electromobility, but also the electronics industry needs raw materials.

(PresseBox) (Herisau, )
Turnover in the German electrical and digital sector amounted to almost 200 billion euros in 2021. This is 9.8% more than in the previous year. As a result, tin consumption is increasing. Smartphones are a good example. There are around 4.7 billion smartphones in use worldwide. Around 1.21 billion devices were sold in 2022. Although global sales have declined in recent years, industry experts expect sales figures to rise in the coming years. Smartphones contain gold, palladium, tantalum, copper, cobalt, lithium, platinum, tin and many more raw materials; according to the German Raw Materials Agency, a total of 66 elements are used.

Lithium is the energy storage metal that is also found in electric vehicles, practically all energy storage devices and many other portable devices. China is a robust market for electronic products due to low labor costs and the country's own guidelines. The tin market is forecast to grow at an annual rate of 2.59%. According to forecasts by Mordor Intelligence, rising demand from the electric vehicle market and growing applications in the electrical and electronics industry will continue to drive demand for tin in the medium term. When it comes to recycling tin, the often small quantities of tin in electronic devices hinder effective recycling. As electrification progresses and wind and solar energy continue to expand, raw materials such as tin and lithium will remain in demand.

TinOne Resources - https://www.commodity-tv.com/ondemand/companies/profil/tinone-resources-inc/ - is one of the most promising candidates for tin. Its tin/tungsten and lithium projects are located in Tasmania and New South Wales, Australia.

Targa Exploration - https://www.commodity-tv.com/ondemand/companies/profil/targa-exploration-corp/ - owns gold and lithium projects in the provinces of Quebec, Ontario, Manitoba and Saskatchewan, totaling 15 projects. There is also a gold-silver project in the Yukon. The fully funded exploration program on the Opinaca gold and lithium project in Quebec has started.

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.