The upward trend in tin prices continues, driven by global supply challenges

As per the export product price mercurials released by the Democratic Republic of Congo on Monday, April 7, 2025, tin prices maintain their upward trajectory for the week of April 7 to April 12, 2025.

Tin is currently trading at $34,872.00 per ton, compared to $34,604.00 the previous week, reflecting a slight increase. Similarly, tin concentrate (cassiterite) has also sustained its upward trend, rising from $11,038.68 to $11,124.17 per ton.

This upward trend began during the week of March 24 to March 29, 2025, when the price increased to $34,604.00 per ton from $32,332.00, confirming a positive dynamic for this mining product.

The acceleration in prices follows the closure of the Bisie tin mine in Walikale, North Kivu, on March 13. Operated by the American company Alphamin, this site holds some of the largest tin reserves in the DRC. The shutdown, triggered by the deteriorating security situation in the region, has caused a disruption in the global supply.

Prior to this closure, during the week of March 10 to March 15, 2025, the price of tin stood at $32,103 per ton, after experiencing a downward trend (previously at $33,191 per ton).

According to the latest figures from the International Tin Association (ITA), tin prices have exceeded the $35,000 per ton threshold, driven by rising demand amid decreasing supply.