Alphamin jumped 16% to C$1.30 a share as of 2:45 p.m. in Toronto, giving the company a market value of C$1.65 billion ($1.3 billion). Investment firm Denham Capital is its biggest shareholder with a 57% stake, according to data compiled by Bloomberg. The company could attract interest from Chinese bidders as well as private equity funds, according to the people.
Tin is having a moment amid a new focus on the supply chains for technology products. Prices for the metal, used as solder in chips made by companies like Taiwan Semiconductor Manufacturing Co. and Intel Corp., hit an all-time high of $51,000 per metric ton in March. It was trading Tuesday at $43,090, still up about 150% since the start of 2020.
Alphamin announced in November it was seeking a strategic review to maximize shareholder value. It said at the time it would consider options including a potential sale, extension of its mine life, balance sheet restructuring or…
