Demand to be 'robust' in 2006
Staff -- Purchasing, 6/15/2006 2:00:00 AM
Tin consumption is expected to be "robust" in 2006 and 2007 due to increased tin use in solder to meet European RoHS regulations on removing lead from solder, according to a report by Natexis Commodity Markets of London. The metal will benefit from "the [current] positive economic environment (and) the move to lead-free solders," the report suggests. Solders account for more than 45% of tin use, followed by tin-plated steel (20%) and chemicals (15%). Natexis projects a 6% growth in tin consumption this year to 245,000 metric tons—and then a further rise to 260,000 metric tons in 2007. The analysts also project world tin to average $3.63/lb this year, up from $3.35 in 2005; for 2007, the average forecast is $3.40/lb.
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