DRC Mining Exports Expected to Maintain Stability in January 2025
Mining products exported from the Democratic Republic of Congo (DRC) are expected to experience a period of stability during the week of January 20-25, 2025, according to the National Commission of Price Mercurials of the Ministry of Foreign Trade.
The price of copper, a crucial driver of the DRC’s economy, is expected to settle at USD 8,802.35 per ton. The DRC, currently the world’s third-largest producer of copper behind Chile, relies heavily on this mineral, which accounts for over 90% of the country’s extractive sector exports.
In 2022, the country produced 2,359,824 tonnes of copper, up from 1,802,897 tonnes in 2021. The majority of copper production (99%) is contributed by Gécamines’ partner companies.
In addition to copper, other key commodities such as cobalt, zinc, tin, gold, silver, and tantalum are also expected to maintain stable prices on the international market this week. These commodities are priced as follows:
- Cobalt: USD 24,050 per tonne
- Zinc: USD 2,862.05 per tonne
- Tin: USD 29,170 per tonne
- Gold: USD 85.42 per gram
- Silver: USD 0.96 per gram
- Tantalum: USD 227 per kilogram
