copper, cobalt, zinc and tin prices red in DRC this week
The economy of the Democratic Republic of Congo (DRC) is expected to suffer a shock from the drop in the projected price of four mining products on international markets. These are mainly copper, cobalt, zinc and tin.
According to projections by the National Commission for Market Prices, copper is expected to fall to USD 8,208.20 this week from USD 8,512.65 a week earlier, down around USD 304.45.
Cobalt is expected to trade at USD 34,240.00 this week versus USD 34,246.00 last week, the same source notes.
Zinc and tin are also expected to see the same downtrend at $2,520.30 per ton this week versus $2,627.30 per ton a week ago for zinc and $25,846.25 per ton versus 26,890, 00 USD per ton for tin.
Gold, silver and tantalum should also experience the same situation respectively at 65.43 USD per gram this week against 65.74 USD per Kg a week earlier; at 0.82 USD gram this week against 0.85 USD per gram last week and at 393.75 USD against 405.00 USD per kilogram.
According to the National Mercurial Commission of the Ministry of Foreign Trade, this period should be difficult for the economy of the Democratic Republic of Congo (DRC).
