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Tin, tungsten, copper and rare earths now ranking as world's leading strategic metals

SP Angel's John Meyer and chairman of Strategic Minerals Plc (LON:SML) Alan Broome discuss with Proactive London the outlook for battery and strategic metals - in particular tin, tungsten, copper and rare earths.

''[Tin and tungsten] are very much strategic metals'', Meyer says.

''These are battery materials, they are right at the top of the list, Rio Tinto published a list produced by MIT which put tin right at the top
of their pile of strategic metals'', Meyer says.

Alan Broome adds: ''There's a lot of talk now around battery materials and where they're going but a question one always asks is whether it's true''.

''For example, in September, there were 200,000 electric vehicles built in the world, 100,000 of them were built in China ... and that is escalating exponentially''.

''The types of things that go into batteries is one part of it but when you've got the battery you've got to get the power into the vehicle and that's where tin comes in''.

''The demand for tin is fantastic in terms of the probabilities - what's not reflected is the price of tin .. but it will come because there's no other solution other than using tin''.

Quick facts: Strategic Minerals PLC

Price: 0.625 GBX

Market: AIM
Market Cap: £9.17 m

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