Tin prices have surged to a two-year high, reaching $37,100 per tonne, following a mine suspension due to unrest in the DRC. The Bisie mine, responsible for 6% of global tin supply, halted operations due to threats from the M23 rebels, compounding existing shortages. Political negotiations between Congo and the rebels are scheduled to begin soon.
Tin prices have reached their highest point in over two years, driven by the temporary suspension of the Bisie mine operated by Alphamin Resources in the Democratic Republic of the Congo (DRC). This decision arises due to the escalating unrest in the North Kivu province, primarily caused by the M23 rebel group’s advance toward the mine’s vicinity, particularly after seizing the town of Nyabiondo on March 9, 2025.
In summary, the halt of operations at the Bisie mine in the DRC due to rising conflict has significantly influenced global tin prices, causing them to surge to a two-year high. This development is exacerbated by political tensions and the ongoing impact of mining interruptions in other regions, notably Myanmar. The situation remains fluid, as further negotiations between Congo and the M23 rebels could shape the market in the weeks ahead.
Original Source: www.mining.com
