(Kitco News) - When people think of battery metals, most think of copper, nickel and lithium but not tin said TinOne (TSXV: TORC) Executive Chair Chis Donaldson.
On Tuesday Donaldson spoke to Kitco at the Vancouver Resource Investment Conference.
Tin demand is expected to ramp up due to global electrification. About 50% of consumed tin is used in solder, with very few available substitutes and a low sensitivity to tin price, according to TinOne. The International Tin Association forecasts tin demand to increasing from 2% to 3-4% over the next decade due to 5G roll-out and energy transition.
"It's considered the forgotten in the [battery metal] space. Tin is used in almost any energy application. Half of its uses are within soldering," said Donaldson. "It is the glue that holds together electrification."
TinOne is an exploration company focused on assets in Tasmania, Australia. Projects include Great Pyramid and Aberfoyle, which are in the northeast corner of the state. TinOne said that Great Pyramid is a historic resource that has seen no modern, systematic exploration. Aberfoyle is a past-producing tin district. Both have road access. TinOne plans 5,000m of RC drilling on some identified targets.
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