*Fyi, To remind, The fact that "Rin Tin Tin" is still on a Tear and the DRC know it, check this out,
World market for mining products : slight increase in the price of gold and tin
Data from the National Mercurial Commission of the Ministry of Foreign Trade published at the start of the week indicates that the price of gold has risen slightly on the international market since the start of the week from February 14 to 19, 2022.
According to these data, the kilogram of Gold which should observe an upward trend on the international market, should sell at 59,170 USD against 59,100 USD last week.
In this regard, it should be noted that the DRC exported, according to the Ministry of Mines, 15,479.44 kg of raw gold in the 1st half of 2021, for a total value of 618,992,285.00 USD.
Almost all of these exports come from industrial mining, i.e. 15,460.35 kg of gold for a value of 617,991,722.00 USD, representing more than 99% of total exports from the DRC.
Only 19.09 kg of gold exported come from artisanal mining for a value of barely 1 million US dollars.
Kibali Gold alone produced more than 99% of the gold exported by the Democratic Republic of Congo in the first half of 2021, i.e. 15,460.35 kg.
With this positive evolution of prices on this market, the DRC can rely on its production of gold in particular and its minerals in general, to face its many economic challenges.
The price of Tin to increase further
In the same chapter, the price of a ton of Tin has also been rising on the international market since the beginning of the week from February 14 to 19, 2022.
According to the same data from the National Mercurial Commission of the Ministry of Commerce Outside, the ton of Tin should settle at 43,377.50 USD this week against 43,065.00 USD per ton last week.
On the London Metals Exchange, the spot price of Tin traded at around $43,500 on Tuesday, February 15.
This product has recorded an increase of almost 10% since the beginning of the year.
On the same London market, Tin even peaked at over USD 44,400 per tonne on Monday February 14, 2022, its highest level in over a year, reports a recent analysis note from the firm Fitch Solutions.
These experts estimate that this bullish trend should last a few more months.
The note from Fitch Solutions indicates that Tin will trade on average up to 42,000 USD per ton this year as well as in 2023 against 32,500 USD according to the firm's previous estimates.
According to them, this price increase will be the result of insufficient supply, while demand is still strong.
The main bottlenecks in supply are in Malaysia and Indonesia, two countries which account for around 30% of the world's Tin production.
According to specialists in the field, global demand shows no signs of slowing down.
If the Covid-19 pandemic has weighed down several economic activities around the world, it has proved to be life-saving because it has favored the explosion in the production of electronic devices, a sector where Tin is used to solder components.
The same source informs that the use of Tin in lithium-ion batteries should soon be imposed on car manufacturers, at a time when sales of electric vehicles are exploding.
On the African continent, this situation of the international tin market should benefit the DRC and Namibia, which are positioned as the two main producers of this product.
Anyone know of a Tin Mine in the DRC i can Invest in asap 
Apart from Alphamin in North Kivu
*To remind,
Tin
mining is poised to become a significant factor in the Democratic Republic of Congo, especially in North Kivu, as it can contribute to the country’s socioeconomic wellbeing, says tin
exploration and
mining company Alphamin
Resources CEO
Boris Kamstra.
Alphamin
Resources is developing the Bisie tin mine, in North Kivu.
Kamstra tells
Mining Weekly that the latest
mining project developments under way in the DRC are diversifying
mining there, adding that this new-found diversity could position the country well as a mineral source market.
“The broader the range of commodities that are being mined, the stronger the mining sector is to weather various fluctuations in commodity prices,” he points out.
Having a formal tin-producing entity “adds another arrow to the DRC’s quiver” in terms of economic engines.
Further, Kamstra states that mining, as a catalyst and pioneering industry, will spark increased economic activity in the region to enhance quality of life and could even contribute to greater political harmony.
Alphamin ideally aims to source
products and
services locally as much as possible, with the company currently being the largest tax payer in the North Kivu region.
The administration of the Walikale Territory, in North Kivu, has started to build
infrastructure and has acknowledged Alphamin’s signifi- cant contribution through funding nonprofit foundation the Lowa Alliance, he highlights.
The Lowa Alliance is regulated by the government of the DRC and Alphamin contributes 4% of its operational and management expenditure to the foundation.
Mining, as an economic driver in an area that previously had extremely limited economic activity, changed the dynamics – there is disposable income and a reason for the administration to apply resources in Walikale Territory, states Kamstra.
“What we have noticed is that as soon as there is improved logistics and communication, governance and stability improve almost immediately,” he enthuses.
www.miningweekly.com
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