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MINING | AfriTin Mining
Tin is an important commodity with multiple uses in modern society that go beyond widely held associations with goods such as tin cans, cups and roofs. These outmoded beliefs are a misnomer when considering the growing importance of tin in contemporary electronics and other high-tech industries, with latest research indicating that tin can dramatically improve the performance of lithiumion batteries, for example. Tin continues to be one of the better performing commodities on the London Metals Exchange and the global tin market is anticipated to be valued at US$8.23 billion by 2023. However, the market has been rooted in a deficit for the last five years with demand rising from industrial markets and production falling as a result of depleting global reserves and tightening regulations in China – a world leading tin producer. This equilibrium pricing scenario in the tin sector is creating a ‘perfect storm’ for a company like AfriTin Mining, according to its CEO Anthony Viljoen. AfriTin is a Londonlisted miner which intends to become the ‘African tin champion’ through the development of its portfolio in Namibia and South Africa.