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W resources plc

Electric vehicles bode well for tin demand

The global tin market has entered what has been described as an interesting phase with the diversification of applications in existing and new technologies, amid market dynamics that are shaking stability in the short term.

It has been predicted that tin, which has long been prized for its application in solders and traditional lead-acid batteries, will be most impacted on by the development of future technologies.

This means there will be significant opportunities for the tin market’s growth, which could exacerbate an already present demand-supply gap.

W Resources Plc (LON:WRES) engages in the exploration and development of tungsten, tin, copper, and gold properties.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.