As of May 25, 2022, a tonne of cobalt is trading at USD 74,645.00 on the international market

The cobalt market has not registered any significant advances for nearly a week in the international market.

To date, a tonne of cobalt is trading at 74,645.00 USD on the London Stock Exchange against 74,670.00 USD for the week, representing a slight drop in price of around 25 USD.

Two weeks ago, a ton of cobalt was sold at 81,485.00 USD on the international metal market.

As one of the producing and exporting countries of this raw material, the Democratic Republic of Congo (DRC) keeps an eye on the development of this product internationally.

According to projections by experts from the National Mercurial Commission of the Ministry of Foreign Trade, the general trend of the main mining products exported from the DRC is downward during the period from May 23 to 28, 2022.

These experts note that despite this overall bearish trend, cobalt is likely to hold its course from last week trading at USD 87,781.05 per tonne. Even if these projections at the national level seem to be the opposite of stock market indicators.

Note that tin is expected to trade at USD 35,381.25 per tonne this week versus USD 40,068.75 per tonne.

In one week, tin recorded a drop in price of around 4,687.5 USD per tonne, a drop estimated at -11.70%.

The prices of these different products are as follows during this period:

• Copper should register a drop in price on the international market and should sell at 9,201.70 USD per ton against 9,368.25 USD per ton, ie a drop in price of around -166.55 USD.

• Zinc is also down this week and is expected to trade at USD 3,590.95 per tonne compared to USD 3,755.03 per tonne last week, a decline of USD 164.35 during this period representing -4, 38%.

• Gold is also trending lower this week and is trading at USD 58.98 per gram compared to USD 60.75 per gram last week, a slight drop in price of -USD 1.76.

• Silver also drops this week to $0.69 per gram this week from $0.73 per gram last week, a negative price differential of $0.04.

• Tantalum is expected to trend higher over this period to trade at USD 391.25 per kilogram this week from USD 390.00 per kilogram last week.

• Cobalt is expected to see a stable trend in the market over the time frame discussed and is expected to sell at USD 87,781.05 per ton this week.