World: the main mining products exported from the DRC are on the rise
The price of the main mining products exported from the Democratic Republic of Congo on the international market remains at a very significant remunerative level, indicates the Central Bank of Congo (BCC) in its weekly information note.
According to the Central Bank of the Democratic Republic of Congo, this increase in the price of mining products is due to a high level of world demand, but above all to the impact of the Russian-Ukrainian conflict.
Holding more than 50% of the world’s cobalt reserves, the price of which continues to climb on the market, the Democratic Republic of Congo (DRC) should benefit from this situation of the improvement in the price of raw materials.
On the London stock market, a ton of cobalt is trading at 81,820.00 US dollars.
It should be noted that cobalt is at the heart of the manufacture of the electric car.
The production of electric cars, each battery of which would require between 5 and 15 kilograms of cobalt, is set to explode in the years to come.
What make the possession of this ore strategic. However, 60% of its world production is done in the Democratic Republic of Congo (DRC), a country which would have 50% of the world’s reserves.
Cobalt is not the only product exported from the Democratic Republic of Congo to have recorded a price increase on the market during this period.
Copper, tin, zinc and tantalum have also achieved a significant price increase on this market, informs the National Commission of Mercurials of the Ministry of Foreign Trade.
