Tin could see a surge of new demand from lithium-ion batteries for electric vehicles and energy storage of up to 60 000 t a year by 2030, the International Tin Association (ITA) said on Thursday. Investors have been excited about the prospects for increased consumption of other metals, such as nickel, due to an expected ramp up of electric vehicles, but there has been less mention of tin, currently mainly used to make solder for the electronics industry.
