Copper ore prices on international markets from August 7 to 12, 2023
According to projections by experts from the National Mercurial Commission of the Ministry of Foreign Trade, copper ore should see a further rise in prices on international markets for the period from August 7 to 12, 2023. This increase should bring the price of copper copper at $8,613 per ton, an increase of $109 from the previous week.
This increase in copper prices can be explained by several factors. First of all, global demand for copper remains strong, especially in the construction sector and the automotive industry. Additionally, economic recovery in many countries is helping to drive demand for copper, which is used in many industrial applications. Finally, supply constraints and production interruptions in some copper-producing countries, such as Chile and Peru, are also contributing to creating upward pressure on prices.
On the other hand, other metals will see different price moves this week. For example, zinc ore is expected to see a price increase of $114 to $2,519 per ton. On the other hand, tin will experience a price decrease of 148 USD, reaching 28,671 USD per ton.
In addition, gold and tantalum should also see their prices fall this week. Gold is expected to fall to $63.48 per gram, down $0.13 from the previous week. As for tantalum, it is expected to trade at $320.75 per kilogram, down $3.85.
Finally, the price of cobalt and silver ore should remain stable this week, at USD 32,730 per ton and USD 0.80 per gram respectively.
It should be noted that these price projections are based on expert assessments and may be subject to variations depending on market developments. Investors and industry players must therefore remain attentive to these fluctuations in order to make the best decisions when it comes to buying and selling these metals.
In conclusion, the price of copper ore is expected to see a further rise this week, while other metals such as zinc, tin, gold and tantalum will see their prices decline. These variations are the result of multiple economic and demand factors in international markets