Alphamin Resources
Pedal to the Metal
“Around half of all tin used globally goes into soldering circuit-boards, the hidden drivers of the electronic world, meaning it is everywhere but nowhere to be seen. The metal may not grab the headlines in the same way as cobalt or lithium, but electric vehicles aren’t leaving the garage without it.” - Reuters (19 May 2021)
Alphamin Resources’ exploration strategy brings hope for tin production.
In 2019, the International Tin Association issued a report on tin’s use in lithium-ion batteries. The report predicted that demand for tin would surge up to 60 000 tons a year by 2030. The global demand for tin is fast outstripping supply. Fortunately, companies primed for tin production, such as Alphamin Resources, are ideally positioned to capitalize on the current market conditions.
he drive for electrification and the resulting rise in demand for metals, such as lithium, nickel, and cobalt, showcase how green technologies have impacted positively on battery materials and related markets. However, one metal that often skirts the spotlight is Tin. Tin may be considered less significant compared to the aforementioned metals, however, it has a huge future, which is reflected in tin’s recent price points. In April 2022, Tin was priced at 42991.11 USD per metric ton, up 51.76% from April of the previous year.
Alphamin Resources is a low-cost tin concentrate producer, from its high-grade deposit at Mpama North in the Democratic Republic of Congo (DRC). Mpama North accounts for approximately 4% of the world’s mined tin supply and is the world’s highest-grade tin resource at a grade of approximately 4.5%, around four times higher than the average operating tin mine. In addition to its mining license for Mpama North, Alphamin Resources has five exploration licenses covering a total of 1270km2 in the North Kivu Province of the DRC.
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Business Enquirer Magazine · Issue 106
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