The demand for tin in Japan has decreased by 10%

The demand for tin in Japan in 2011 will decrease by 10%. This opinion was expressed by analysts ITRI, reports Reuters. "We certainly expect to see a significant drop in Japanese demand for tin, probably 10% or possibly more," - said the organization. Despite this, overall the world market will experience shortage of this metal. The opinion experts explain the fact that the consumption of other major consumer countries tin continues to grow, and the supply remains limited, after decades of lack of investment in new mines. As you know, last year the demand for tin in Japan reaches 32 tons, which accounted for approximately 9% of the world. In general, the global market demand for the metal was estimated at 360 thousand tons. According to the World Bureau of Metal Statistics, the global shortage of tin in 2010 increased to 16 thousand tons. It is estimated Production of tin in the world last year grew by 1,3%, to 313 thousand tons. production of refined metal rose by 7,2%, to 357 thousand tons, while its consumption increased by 15.5% to 373 thousand tons. Ministry of Industry