Tin - Copperbelt Katanga Mining

NGOs Urge EU to Mandate Traceable Imports from DRC Mines

October 25, 2023October 25, 2023 Constance

More than six years after its entry into force, the European Union regulation on the responsible sourcing of tin, tungsten, tantalum and gold from conflict or high-risk areas is struggling to achieve its main objectives, namely breaking the link between mineral exploitation and conflict financing, as well as tackling human rights violations in supply chains, NGOs say. Twenty European non-governmental organizations have jointly issued a statement calling on the EU and its member states to strengthen enforcement of existing rules and adopt new measures to improve supply chain transparency while… Read More Here

Mining in DRC Cobalt Copper Economy Tin

Tin Prices to Hit USD 25,430.00 per Tonne in DRC This Week

August 30, 2023August 30, 2023 Constance

The general trend of mining products exported from the Democratic Republic of Congo (DRC) is downward during the period from August 28 to September 2, 2023 on international markets. According to experts from the National Mercurial Commission of the Ministry of Foreign Trade, only copper and silver should experience a slight price increase respectively to 8,269.60 USD against 8,232.45 USD per tonne a week earlier, i.e. a positive price difference of around 37.15 USD for copper and 0.75 USD against 0.74 USD per gram for silver ore. In addition, tin… Read More Here

Tin Mining in DRC

Alphamin Dominates DRC’s Tin Exports with 93% Share

July 29, 2023July 29, 2023 Constance

At the end of compiling its statistical data, the mining company Alphamin Resources dominates the industrial tin sector with 93% of total exports (industrial and artisanal). Considered a major in the tin sector in the DRC, Alphamin’s operations recorded a slight drop of 1% in the second quarter of the current year, expecting a delivery of 3,151 tons. However, for the year as a whole, experts’ forecasts remain optimistic about the future of the mining company’s operations. The way things are generally going, experts warn, Alphamin Resources’ operations could exceed… Read More Here

Tin

Tin price climbed to USD 26,555 per tonne last week

June 25, 2023June 25, 2023 Constance

Tin maintained its upward trend that started a few weeks ago. According to projections by the National Mercurial Commission of the Ministry of Foreign Trade, this ore traded around 26,555 USD per tonne against 25,899 USD per tonne last week, i.e., a positive price difference of 656 USD. The same source noted that the majority of mining products exported from the Democratic Republic of Congo (DRC) experienced an upward trend during the period from June 19 to 24, 2023. The price per tonne of copper is expected to trade at… Read More Here

Mining in DRC Tin

DRC Sets Record with 32,854.59 Tonnes of Tin Production in 2022

June 15, 2023June 15, 2023 Constance

A total of 32,854.59 tonnes of tin were produced in the Democratic Republic of Congo (DRC) during the year 2022, informs the Technical Unit for Coordination and Mining Planning of the Ministry of Mines (CTCPM). According to the same source, these total exports of tin concentrates by mode of exploitation (industrial and artisanal) during the 2022 financial year generated revenues of around 428.8 million US dollars. Exports of tin concentrates from industrial exploitation for the 2022 financial year are estimated at 24,307.88 tonnes, or 73.99% of the total exploitation of… Read More Here

International Tin

Global: Tin prices surge to 33,394.18 USD per ton, marking a 10% rise

April 21, 2023April 21, 2023 Constance

Tin prices climbed 10% on Tuesday, April 18, 2023, to reach the bar of 33,394.18 USD per ton on the Shanghai stock exchange in China. According to specialists in the sector, the suspension of mining in Burma is the cause of fears over supply. In London, tin is posting a 3.9% gain this week and is trading at $28,440 a tonne, a level not seen since February 2023. “In Shanghai, tin prices climbed more than 10% on Tuesday, reaching their highest level in 2 months. The most traded contract (May expiry)… Read More Here

Mining in DRC Tin

Tin expected to trade at USD 25,970 per tonne this week in DRC

April 12, 2023April 12, 2023 Constance

Tin, one of the main mining products exported from the Democratic Republic of Congo (DRC) should record an increase in its price this week on the international market. According to projections made by experts from the National Commission of Mercurial Prices of the Ministry of Foreign Trade, tin should trade at 25,970 USD per ton this week against 24,480 USD per ton last week, an increase of 1 $490. This rise in tin prices should continue to delight the economy of the Democratic Republic of Congo, which is largely based… Read More Here

Mining in DRC Tin

Tin Expected to Decline to $26,681 per Tonne This Week

February 28, 2023February 28, 2023 Constance

According to the report of the experts of the National Commission of Mercurial Prices of the Ministry of Foreign Trade, the ore of tin should register a significant drop this week on the international markets. Indeed, the tin exported by the DRC should trade at 26,681 USD per tonne this week against 27,715 USD per tonne last week, a negative price difference of 1,034 USD. It should be noted that this week does not bode well for the main mining products exported from the Democratic Republic of Congo (DRC). Apart… Read More Here

Mining in DRC Tin

DRC’s 2022 Tin Export Surge,32,000 Tons Sold for $428.8 Million

February 12, 2023February 12, 2023 Constance

Tin exports in 2022 are valued at 32,854 tons for an estimated market value of USD 428.8 million, according to statistics from the Ministry of Mines of the Democratic Republic of Congo. Of this volume of tin exported, 24,307 tons come from industrial exploitation and generated revenues of around 318.9 million USD. As for the artisanal exploitation, it exported 8,546 tons bringing in 109.8 million USD during the year 2022. In the Democratic Republic of the Congo, tin is produced in the two Kivus, in Maniema and in Katanga. Among… Read More Here

Tin Mining in DRC

The price of tin has almost doubled over one year to 23,724.00 USD per tonne

December 26, 2022December 26, 2022 arnbethnic

The price of tin has almost doubled over a year and is on the verge of recording its strongest annual increase in more than thirty years (30 years), note experts in the sector. On the international market, tin is trading at 23,724.00 USD per ton on the London Stock Exchange this Monday, December 19, 2022, an increase of around +0.53%. According to some experts, this surge in the price of tin is putting pressure on the sectors of activity that use it as soldering agents. For automakers – where it… Read More Here