Production target

First Tin has raised £ 20mn to execute its plan to bring its two 100 % -owned tin mines ( Tellerhäuser Project in Saxony , Germany , and the Taronga Project in New South Wales , Australia ) into production before the end of 2025 .

Uses of Tin

Demand for semiconductors is surging , and the global semiconductor market is projected to double in the next five years ( from approximately $ 400bn in 2021 to $ 803bn in 2028 ). In addition , EV sales are expected to reach 50 % share by 2030 .

Tin – a critical raw material

ERMA has identified tin from conflict-free sources that can be used as a critical raw material to support the EU ’ s intention of becoming climateneutral by 2050 .

Global raw material consumption doubles

The world ’ s consumption of raw materials is set to nearly double by 2060 as the global economy expands and living standards rise , placing twice the pressure on the environment that we are seeing today , according to an OECD report . miningdigital . com 15