DRC Expects Copper Price to Decline This Week
The general trend of mining products exported from the Democratic Republic of Congo (DRC) on international markets is bearish during the period from August 14 to 19, 2023.
According to the National Mercurial Commission of the Ministry of Foreign Trade, the copper price should continue in its downward curve this week to trade at 8,417.15 USD per tonne against 8,613.75 USD per tonne a week earlier.
According to the projections made by the experts of the Ministry of Foreign Trade, copper should lose 196.6 USD of its market value during this period.
This document indicates that only cobalt would experience price stability this week on the international markets at 32,730.00 USD per ton.
All other mining products exported from the DRC are down this week. They will trade respectively at 2,477.85 USD against 2,519.70 USD per tonne for zinc; tin is expected to sell at $27,720.00 per ton this week versus $28,671.25 per ton the previous week; the price of gold would be down to 62.64 USD per gram this week against 63.48 USD per gram a week earlier; silver ore is projected at $0.77 per gram this week versus $0.80 per gram the previous week. Finally, the price of tantalum is set at 317.40 USD this week against 320.75 USD per kilogram last week.
