The transition to "green" technologies and the steady growth of electric vehicles, solar panels, energy storage systems, artificial intelligence is causing a long-term increase in demand for tin for:
Environmentally friendly lead-free solders,
New generations of batteries,
Artificial intelligence and automation industry:
The development of AI and digital technologies will lead to an increasing use of tin (especially in microelectronics and sensors).
According to forecasts, the demand for tin will grow from the current 370-400 thousand tons to 530-600 thousand tons by 2050. At the same time, new large deposits are rarely discovered, and the processing of recycled tin will become increasingly important. Kazakhstan plans to launch the largest mining and processing plant (GOK) for tin processing. It will be put into operation in 2028 in the North Kazakhstan region.
Deposit: The combine will develop the Syrymbet deposit, the world's largest undeveloped tin source. Its reserves are estimated at 286 thousand tons.
Investor: The project will be implemented by Tin One Mining, Solidcore Resources (ex Polymetal Nesis)
Capacity: The mine will be able to produce up to 11 thousand tons of tin per year.
Economy: The volume of investments will amount to 227 million. At the same time, the annual production volume is estimated at 352 million, which indicates a potentially fast payback. About 600 new jobs will be created at the plant.
Syrymbet, discovered by Soviet geologists in 1985, is considered the largest undeveloped tin deposit in the world. According to the latest data from exploration completed in 2025, tin reserves are estimated at 286 thousand tons (and 55 thousand tons of copper). At the end of 2024, the Solidcore Resources gold mining group bought from Berkut Mining, a subsidiary of Lancaster Group, a 55% stake in Tin One Holding for 82.5 million, which controls Tin One Mining, a subsurface user at the Syrymbet tin deposit. The deal is interesting, firstly, because the deposit is undeveloped. Secondly, by creating a partnership of the mentioned companies. Thirdly, the diversification of the Solidcore portfolio, which previously mined and processed exclusively gold in Kazakhstan.
