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Ties between China and a powerful Myanmar armed group that controls a key source of tin are fraying, threatening to prolong what have already been months of supply disruption for the key metal.
Tensions have now been exacerbated by Beijing’s efforts to shut down cyber-scam operations in the border region, a flourishing enterprise that funds organized crime and often targets Chinese nationals. Beijing’s crackdown has targeted United Wa State Army officials it says are ringleaders. Xinhua recently more than 2,300 suspects have been captured in Myanmar as part of a broader crackdown and escorted across the border.
The Chinese crackdown might delay moves by the Wa state and the ruling Pao family to review mining rules to allow operations to resume, according to five tin traders and industry executives, who declined to be identified as they aren’t allowed to speak to the media. They had anticipated mining would restart this year, but expectations have now been pushed out until the first quarter of 2024.
Tin is not yet in crisis: inventories are rising in London Metal Exchange warehouses. But supply has already faced repeated blows this year from protests in Peru and expectations that Indonesia, the world’s largest exporter, will ban overseas sales as part of its campaign to develop processing capacity for metals at home.
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