All mining products exported from the DRC are down this week on the international market
The general trend of mining products exported from the Democratic Republic of Congo (DRC) is bearish this week over the period from October 24 to 29, 2022.
This is reported by the National Commission on Price Lists of the Ministry of Foreign Trade.
According to this report, cobalt, which had for several weeks maintained its price above 51,000 USD per ton, should drop slightly this week to 51,260 USD per ton against 51,261.50 USD per ton last week. i.e. a slight drop of around -1.5 USD.
On the same market, copper, which had already shown signs of feverishness, should fall further to 7,603.15 USD per tonne this week against 7,636.45 USD per tonne last week, a decline of -33.3 USD.
Zinc is expected to trade this week at $2,915.10 per ton versus $3,020.50 per ton last week, or -$105.4.
Tin also fell to 20,094.00 USD per ton this week against 20,586.00 USD per ton last week, a negative difference of -492 USD .
According to experts from the National Mercurial Commission, minerals such as gold, silver and tantalum should also experience a drop in price.
Thus, gold should sell at 54.07 USD per gram this week against 54.97 USD per gram last week, a drop of around -0.9 USD.
Silver is expected to trade at $0.62 per gram this week versus $0.65 per gram last week, a slight drop in price of around $0.03.
As for tantalum, it will trade at 379.60 USD per kilo this week against 380 USD per kilogram last week, a slight drop of around 0.4 USD.
It should also be noted that the decline in mining products exported from the Democratic Republic of Congo is not good news for the country’s economy, which is essentially supported by this sector.
