Fatshimetrie, October 17, 2024 – The global economy is in constant motion, and the news on international markets continues to reflect these fluctuations. This week, a notable fact confirmed this trend: the significant increase in the price of a ton of tin, the export mineral of the Democratic Republic of Congo (DRC). According to the latest data from the National Commission of Mercuriales of the Ministry of Foreign Trade, the price of a kilogram of tin was traded at 33,833 US dollars, recording an increase of 3.31% compared to the previous week.
This increase is not isolated since other commercial mining products have also experienced variations on international markets. Zinc, silver and tantalum have all recorded price increases, demonstrating a certain dynamic in the commodities market. On the other hand, copper and gold have seen their prices fall, a sign that price fluctuations remain a constant in this sector.
The Democratic Republic of Congo occupies a prominent place in the African tin market, with exports constantly growing. In 2022, the country produced 32,854 tonnes of tin, representing a total value of approximately $429 million. These figures demonstrate the importance of mining to the Congolese economy, and the diversity of players involved in this sector, whether large industrial mines or artisanal operations.
Alphamin is among the main players in industrial tin production in the DRC, with a significant market share. However, it is interesting to note that despite the dominance of large companies in this field, the artisanal sector continues to play a significant role in tin concentrate exports, particularly in the Maniema province.
This evolution of prices and export volumes reflects the cyclical nature of the commodities market, subject to the vagaries of the global economy. In this context, it is crucial for mining sector players to remain attentive to price fluctuations and adapt accordingly to ensure the profitability of their activities.
In conclusion, international market news demonstrates once again that the mining sector remains an essential pillar of the global economy, and that the Democratic Republic of Congo occupies a strategic position in this market. The price and export volume variations observed this week illustrate the complexity and dynamics of this sector, where vigilance and adaptability are essential qualities to prosper.