Zambia’s Mineral Commodity Prices This Week (May 11-18, 2023)
Minerals such as copper, cobalt, coal, oil, and nickel are fundamental resources that underpin numerous industries and contribute to the functioning of our modern world.
Each of these minerals possesses unique properties and applications, ranging from facilitating energy production and transportation to enabling technological advancements.
Understanding their significance and the challenges associated with their extraction and use is crucial for promoting sustainable development and responsible resource management.
Copper is a versatile metal widely used in electrical wiring and plumbing due to its excellent conductivity and durability. Cobalt is a key component in rechargeable batteries, making it essential for electric vehicles and portable electronics.
Coal remains a significant source of energy globally, though its environmental impact has led to increased focus on renewable alternatives. Oil, a vital energy resource, fuels transportation and powers industries. Nickel finds application in stainless steel production, batteries, and magnets. These minerals continue to shape our modern world, prompting ongoing efforts to ensure their responsible extraction and sustainable use. Below is a snippet of how these minerals have performed this week.
