The price of tin is moving from 25,021.25 USD to 25,200.00 USD per ton this week
In its weekly report on the evolution of mining products exported from the Democratic Republic of Congo (DRC), the National Mercurial Commission of the Ministry of Foreign Trade indicated that tin should record a price increase on the international market during for the week of August 1 to 6, 2022.
Indeed, tin prices are expected to trade at USD 25,200.00 per tonne this week versus USD 25,021.25 per tonne last week, a slight price increase of around USD 178.75.
As of August 2, 2022, a tonne of tin on the London market is trading at USD 24,675.00, a marked improvement of +1.11%.
According to Congolese experts, the general trend of the prices of mining products exported from the DRC would be bullish during this week.
Thus, copper should sell up at 7,438.40 USD per tonne against 7,237.05 USD per tonne last week, ie a slight price increase of around 201.31 USD.
Zinc is also expected to trade this week at USD 3,080.75 per tonne compared to USD 3,011.20 per tonne last week, an estimated price increase of USD 59.55.
As for gold, its price should recover after several months of decline on the international market. It will sell at 55.76 USD per gram this week against 55.35 USD the same amount last week.
During this week, only the price of cobalt is expected to register a downtrend falling from 53,749.00 USD per ton last week to 49,755.00 USD this week, which gives a negative order price gap. of 3,994 USD during the period under analysis.
The price of silver and tantalum are expected to remain stable during this week to sell at USD 0.61 per gram and USD 410.00 per kilo respectively.
