Copper maintains its good momentum at USD 7,636.45 for the second week in a row
The price of copper on the international market should maintain its good momentum, which started almost three weeks ago.
According to the estimates of the National Commission of Mercurials of the Ministry of Foreign Trade, for the period from October 17 to 22, 2022, copper should register a slight increase in price to trade at 7,604.30 USD per ton against 7 604.30 USD per tonne the previous week, an increase of around 32.15 USD.
According to these market price experts, the general trend of mining products exported from the Democratic Republic of Congo (DRC) on the international market is bullish for this new week.
Cobalt is also expected to rise this week to USD 51,261.50 this week from USD 51,261 per tonne per tonne last week, giving a positive price differential of USD 0.5.
Zinc should trade at 3,020.50 per tonne this week against 2,993.9 USD per tonne last week, a positive price difference of around 26.6 USD.
Gold is also trending up this week at $54.97 per gram versus $54.50 the same amount last week, a positive price gap of $0.47.
Moreover, for the second week in a row, tin should record a drop in price to sell at 20,586.00 against 20,727 USD per ton last week.
Silver ore and tantalum are expected to trend flat at $0.65 per gram this week in the silver market and $380 per kilogram for tantalum respectively.
It should be noted that this upward trend in the price of mining products on the international market works in favor of the Democratic Republic of Congo (DRC), which derives most of its income from mining.
