Copper ore will see a further rise in prices on international markets this week. According to experts’ projections, the price of copper should reach 8,613 USD per ton, an increase of 109 USD compared to the previous week. This increase highlights the growing demand for this precious metal in various industrial sectors, such as electricity, construction and telecommunications.
On the other hand, the price of zinc is also expected to increase to $2,519 per ton, an increase of $114. This trend reflects the continued demand for zinc, which is widely used in the production of galvanized steel and other chemicals.
However, the price of tin is showing a bearish trend this week, with a decrease of 148 USD to reach 28,671 USD per ton. This decline can be attributed to various factors, such as oversupply in the market and global economic concerns.
Similarly, gold will see a slight drop in price to $63.48 per gram, a decrease of $0.13. Despite this slight decline, gold remains a precious asset sought after for its safe haven and its role in the diversification of investment portfolios.
As for tantalum, its price will experience a decrease of 3.85 USD, reaching 320.75 USD per kilogram. Tantalum is mainly used in the electronics industry, especially in the manufacture of capacitors for electronic devices.
Cobalt and silver ore, meanwhile, are expected to maintain price stability this week at $32,730 per ton and $0.80 per gram, respectively.
These precious metal price projections reflect current market fluctuations and trends. Investors and industry players must remain alert to these developments to make informed decisions.
In conclusion, the precious metals market will see some price swings this week, with a notable rise in copper and zinc, a decline in tin, and stability in cobalt and silver ore. These trends reflect the changing demands of different industries and global economic conditions. It is important to follow these developments to make the right decisions in terms of investment and resource management