DRC Bisie Tin Mine Halts Operations, Spot Market Transactions Come to a Standstill [SMM Tin Morning Brief]

Published: Mar 17, 2025 08:46

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DRC Bisie Tin Mine Halts Operations, Spot Market Transactions Stagnate [SMM Tin Morning Brief] Impacted by the news of the DRC Bisie tin mine halting operations, SHFE tin prices showed a significant upward trend last week, with strong bullish momentum pushing prices to break above the 290,000 yuan/mt mark at one point. The overall fluctuation range was between 263,000-291,500 yuan/mt. The sudden disruption on the supply side intensified market concerns over tight global tin ore supply, becoming the main driver of the price surge. In the tin ingot spot market, transactions were relatively sluggish last week. Most traders reported poor sales, as downstream and end-user enterprises, deterred by high prices, held back on restocking and adopted a wait-and-see approach, awaiting clearer price signals. Spot market transactions have thus stagnated.

SMM Tin Morning Brief on March 17, 2025: Affected by the news of the suspension of operations at the Bisie tin mine in the DRC, SHFE tin prices showed a significant upward trend last week, with strong bullish momentum pushing prices to break through the 290,000 yuan/mt mark at one point. The overall fluctuation range was between 263,000-291,500 yuan/mt. Sudden disruptions on the supply side intensified market concerns over global tin ore supply tightness, becoming the main driver of the price increase. In the tin ingot spot market, transactions were relatively sluggish last week. Most traders reported poor sales, while downstream and end-user enterprises, restrained by high prices, were reluctant to restock and adopted a wait-and-see approach, awaiting clearer price signals. Spot market transactions came to a standstill.

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