Copper and Other Mining Product Prices Show Slight Increases in International Markets
During the period between March 9 and 14, 2024, the price of copper was expected to experience a slight increase in international markets.
According to the National Mercurial Commission of the Ministry of Foreign Trade, copper, a key mining product exported from the Democratic Republic of Congo (DRC), was projected to sell at USD 8,406 per tonne during this period, compared to USD 8,335 per tonne the previous week, indicating a modest increase of USD 71.45 or 0.86%.
Additionally, other main mining products exported from the DRC, such as cobalt, zinc, tin, gold, and tantalum, were also expected to see slight price increases.
Cobalt was projected to trade at USD 27,925 per tonne, zinc at USD 2,364 per tonne, and tin at USD 27,595 per tonne, all showing incremental rises compared to the previous week’s prices.
Gold was expected to trade at USD 65.62 per gram, representing a positive price difference of USD 0.52, while tantalum was forecasted to sell at USD 230.80 per kg, marking a slight increase of USD 6.
However, the source noted a slight decline in the price of silver ore on international markets, expected to be USD 0.74 per gram, down from USD 0.75 the previous week, representing a marginal decrease of around USD 0.07.
Despite fluctuations, the evolution of prices for mining products exported from the DRC in international markets remains reassuring for the country’s economy, which is largely supported by its extractive sector exports.
