Tin Prices Surge Amid DRC Mine Suspension and Political Instability

Tin prices have risen to a two-year high of $37,100 per tonne due to the suspension of operations at the Bisie mine in the DRC, triggered by unrest from the M23 rebel group. The mine’s closure has further intensified an existing global tin ore shortage and affected stock prices. Angola has indicated upcoming talks between the DRC government and M23, although official confirmation remains pending.

Tin prices have surged to their highest level in more than two years, reaching $37,100 per tonne in London, following the temporary cessation of operations at Alphamin Resources’ Bisie mine in the Democratic Republic of the Congo (DRC). This suspension was prompted by rising unrest in the North Kivu province, where the Rwanda-backed M23 rebel group has advanced toward the mine’s vicinity. As of 12:25 p.m. local time, prices adjusted to $36,280 per tonne after an impressive rise of 7.4% on Thursday.

Alphamin Resources disclosed that it halted operations due to safety concerns resulting from the rebels’ recent territorial advances, which included the capture of the town of Nyabiondo on March 9, 2025, and subsequently Kashebere, located 13 kilometers away on March 12. The company’s stock responded positively, increasing by 8.4% in Toronto, ultimately valuing Alphamin at $443 million. Notably, tin is a critical component for various applications, including coating containers and soldering circuits.

The global tin ore shortage is expected to worsen due to this mining suspension coupled with political instability in the DRC, exacerbated by mining halts in Myanmar’s Wa State. The Bisie mine is significant, having produced approximately 17,300 tonnes of tin ore in 2024, contributing around 6% to global supply. This situation has already propelled London Metal Exchange (LME) tin prices upward by 25% this year alone.

Further aggravating the situation, the M23 rebels have taken control of two of Eastern Congo’s largest cities, deepening a conflict originating from the 1994 Rwandan genocide and the competition for the country’s rich mineral resources. Amidst this turmoil, Angola has announced plans for direct negotiations between the DRC government and M23 rebels, although Congo President Félix Tshisekedi has previously dismissed such talks and has not officially confirmed participation.

In addition, Australia’s AVZ Minerals recently achieved a legal victory concerning a disputed lithium mine within Congo, further highlighting ongoing resource conflicts in the region.

The recent surge in tin prices is a direct result of geopolitical events in the DRC, particularly the halting of operations at the Bisie mine due to rebel advances. This, compounded with political unrest and global supply chain issues, indicates a continued shortage of tin resources, which could further impact prices. Additionally, the potential for direct talks between DRC and M23 rebels may influence the situation’s progression.

Original Source: www.mining.com