Непрекращающиеся бои на востоке Демократической Республики Конго (ДРК) has forced Alphamin Mining to temporarily shut down its Bisie tin mine. The immediate impact: Tin ore prices rose nearly 10% on London’s raw materials market, hitting a **$36,315 per ton** high on Friday—the highest level since August 2022.
Key Points:
- Mine Closure Details
- Alphamin, headquartered in Mauritius, announced the suspension on March 13 due to rebel groups advancing toward the mine site.
- “Employee safety is our top priority,” the company stated. “All personnel are evacuating, except for critical staff maintaining site security.”
- Global Impact
- The Bisie mine, operated by Alphamin, produced 17,300 metric tons of tin concentrate in 2024—6% of global tin supply and ranking as the world’s third-largest tin source.
- The closure comes amid rising demand for tin, driven by electronics and renewable energy sectors.
- Conflict Background
- The M23 rebels, active since 2021 and backed by Rwanda’s military, have seized key cities like Goma and Bukavu in North/South Kivu provinces.
- Recent advances brought them closer to Bisie, with fighters now 110 km from Goma (provincial capital) и100 km from Walikale, where Alphamin’s Mpama-North and Mpama-South mines operate.
- Market Tightness
- Analysts note 缅甸’s recent tin export ban иDRC’s production drop (8.3% of global output in 2024) are worsening shortages.
- “Demand is strong, but tin’s use in semiconductors is limited, so price spikes may not ripple through consumer goods,” said Alastair Munro of Marex.
- Negotiation Efforts
- Angola, mediating talks, announced direct negotiations between the DRC government and M23 in Luanda on March 18.
- President Félix Tshisekedi, who previously rejected dialogue, has remained silent since the offer. M23 demands he publicly commit to negotiations.