English
Français
日本語
中文
What We Produce
Tin
McDonnell mining project is poised to be one of the world’s fastest-growing, highest-grade tin mines, additionally, our exploration projects contain significant tin resources. Tin is widely regarded as the “metal of innovation” due to its essential role in electronics, renewable energy systems, and high-tech applications.
As a critical component in the production of semiconductors, solar panels, and electric vehicle batteries, tin is integral to the global shift toward a greener, more digital economy. Despite its importance, the potential supply-demand gap is projected to be substantial as global demand continues to rise. Substitution and recycling will not be sufficient to meet the growing needs of the energy transition and the rapidly expanding technology sector.
Extract from the International Tin Association China Tin Industry Review 2023: “…the continued recovery in the semiconductor industry and slowing yet still high growth in new energy sectors will push world tin demand up by 4.4% to 376,300 tonnes in 2024, with China’s tin consumption to rise 3.9% to 189,100 tonnes. After an 8.2% slump in global semiconductor industry sales last year, a 13.1% market growth is projected for 2024 by WSTS, signaling a robust demand recovery.”
Tungsten
The McDonnell Project is set to become one of the world’s largest and lowest-cost producers of tungsten, with significant resources poised for development. Tungsten is a critical metal primarily used in manufacturing high-performance materials, such as those used in the aerospace, defense, and electronics industries.
Due to its exceptional hardness, high melting point, and ability to withstand extreme conditions, tungsten plays an indispensable role in producing cutting tools, electrical contacts, and in military applications. It is also increasingly important in clean energy technologies, particularly in wind turbines and energy-efficient lighting systems.
Tungsten’s demand is expected to increase significantly as industries that require high-strength materials continue to grow, especially with the ongoing push toward renewable energy and advanced technology. Global tungsten demand is expected to grow by 25% by 2030, driven by its vital use in high-tech applications, energy-efficient technologies, and the development of electric vehicles. According to the US Geological Survey, China is the largest producer of tungsten, accounting for more than 80% of global production. However, due to geopolitical factors and the increasing importance of tungsten in high-tech and green energy industries, there is a growing need for more diverse sources of supply. McDonnell is strategically positioned to meet this rising demand and help ensure the stability of the global tungsten market as the transition to a more sustainable future continues.
Tantalum
McDonnell Mining Project expects to become one of the world’s largest, lowest-cost producers of tantalum. Tantalum is increasingly recognized as a critical material in the high-tech and renewable energy sectors, often referred to as the “metal of the future.” It is essential in the production of capacitors, semiconductor devices, and in various aerospace and defense applications.
Given its critical role in electronics, telecommunications, and clean energy technologies, tantalum’s demand is expected to rise sharply in the coming years. Despite this, the supply-demand gap for tantalum is anticipated to widen significantly as the world transitions to a more digital and sustainable economy. Substitution and recycling efforts are unlikely to fully address the surging demand from high-tech industries, electric vehicles, and renewable energy systems. According to research from S&P Global, tantalum demand is projected to grow from 200 tonnes annually today to about 600 tonnes by 2035, a historic high that will continue to rise to approximately 700 tonnes by 2050
The firm highlights that electronics and renewable energy applications must ramp up by 2035 to align with 2050 net-zero goals. This could result in a supply shortfall of up to 150 tonnes in 2035, based on current trends in mine production and recycling rates. Such a gap would represent a 25% shortfall in supply, further exacerbating the challenges of meeting growing global demand.
Gold
Gold has always been one of the most sought-after precious metals, prized for its use in jewelry, investment, and as a store of value. However, its role in the future is expanding beyond these traditional uses. As the global economy evolves, gold is also becoming increasingly important in emerging technologies and the green energy sector due to its exceptional conductivity, corrosion resistance, and role in high-performance electronics.
The first annual IEA Critical Minerals Market Review, released in 2023, revealed that the demand for gold in emerging technologies is growing rapidly. From 2017 to 2022, gold’s use in electronics, solar energy systems, and even medical devices saw significant increases. As clean energy technologies and sustainable industries continue to expand, gold’s role in supporting these innovations will only intensify.
Research indicates that global demand for gold is projected to increase by 30% by 2030 compared to current levels, driven by its growing use in renewable energy systems, electronics, and advanced technologies. With the increasing shift toward green energy and sustainability, the McDonnell mining project is positioned to play a key role in meeting the world’s growing gold demand in both traditional and emerging sectors.
