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LME tin jumps after Alphamin temporarily ceases operations at Bisie mine in Congo
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LME tin jumps after Alphamin temporarily ceases operations at Bisie mine in Congo
Mar 13, 2025 7:27 AM

LONDON, March 13 (Reuters) - Tin prices jumped to

eight-month highs on Thursday after Alphamin Resources ( AFMJF ) said it

would temporarily cease operations at its Bisie tin mine in the

Democratic Republic of the Congo due to unrest in North Kivu

Province.

Prices of the soldering metal on the London Metal Exchange

(LME) were up 3.3% at $34,530 a metric ton at 1401 GMT after

touching $34,815 a ton, the highest since July.

Alphamin produced more than 17,000 tons of the metal used to

make semiconductors last year or more than 4% of global total

supplies estimated at around 380,000 tons.

"This decision was made after insurgent militant groups have

recently advanced westward in the direction of the mines

location in the DRC," Alphamin said in a release.

"All operational mining personnel are being evacuated from

the mine site with only essential personnel to remain for the

care, maintenance and security of the property."

Analysts at Macquarie in a note published this week

estimated the global tin market was already set to see a

shortfall of 13,000 tons this year.

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