US-backed tin refiner agrees to buy up to 100% of Australian miner’s supply
A centuries-old tin company backed by funding from the US Department of Defense agreed to buy as much as 100% of the metal concentrates produced by an Australian mining firm under a multiyear offtake agreement financed by STG Metals.
Nathan Trotter & Co. will purchase up to the entire output of Huntore Australia Pty’s tin concentrate production from its mining and processing operations in Queensland, Australia, according to a statement Thursday.
The deal with Huntore comes as the US ramps up efforts to spur critical minerals development and processing to counter Chinese monopoly in the global supply chain. Tin is key to defense supply chains, particularly in solder used to connect semiconductors, advanced capacitors and other electronics found throughout military hardware and civilian infrastructure.
The family-owned tin firm, which traces its roots to 1789, received a $19 million grant from the Defense Department in late 2024 to establish domestic tin processing for national hardware to be used in multiple sectors including defense, commercial aviation and microelectronics.
STG is a growing trading business funded by the partners of Squarepoint Capital LLP, a global quantitative investment firm.
(By Yvonne Yue Li)
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