Tin hits two-month low as major mine in Congo resumes production
Tin prices slumped to two-month lows on Wednesday after major producer Alphamin Resources Corp said it was launching a phased resumption of operations at its Bisie mine in Democratic Republic of Congo. A month ago, Alphamin ceased operations at Bisie, which produces about 6% of global tin supplies a year, as Rwanda-backed M23 rebels advanced nearby, taking the strategic town of Walikale.
Tin prices slumped to two-month lows on Wednesday after major producer Alphamin Resources Corp said it was launching a phased resumption of operations at its Bisie mine in Democratic Republic of Congo. A month ago, Alphamin ceased operations at Bisie, which produces about 6% of global tin supplies a year, as Rwanda-backed M23 rebels advanced nearby, taking the strategic town of Walikale.
