Title: Fluctuations in mineral prices on international markets: an analysis of the week of August 21 to 26, 2023
Introduction :
The week of August 21 to 26, 2023 was marked by significant fluctuations in mineral prices on international markets. In particular, tin, copper, zinc, gold, silver and tantalum all saw significant variations. In this article, we provide a detailed analysis of these developments and their impact on the global economy.
Tin: an expected price drop
According to the National Mercurial Commission, the price of tin should experience a significant drop this week. Indeed, it is expected to trade at $26,237 per ton, down $1,483 from the previous week. This downward trend is explained by several factors, such as the decrease in demand or the increase in supply in the market.
Copper: a fourth consecutive week of decline
Copper, which is one of the most important minerals in the global market, is also seeing a drop in price this week. Experts estimate that copper will sell at $8,232 per ton, registering a drop of $184 from the previous week. This decrease is explained, among other things, by a decrease in the copper stock, but also by global economic uncertainties which have an impact on demand.
Zinc, gold, silver and tantalum: downward variations
Besides tin and copper, other minerals also saw price declines this week. Zinc, for example, is expected to trade at $2,368 per ton, which is down $109 from the previous week. Similarly, gold is expected to return to $61.77 per gram, registering a decline of $0.87.
Silver ore is also trending lower, with the price forecast at $0.74 per gram, down $0.03. As for tantalum, it should trade at 311 USD per Kg, thus registering a decrease of 6 USD.
Prospects for the minerals market
These fluctuations in mineral prices have a significant impact on the global economy, particularly for producing countries and industries that depend on these raw materials. It is essential to closely monitor these developments and adapt strategies accordingly.
Conclusion
The week of August 21-26, 2023 was marked by price declines in the mining sector, with significant variations for minerals such as tin, copper, zinc, gold, silver and tantalum . This situation highlights the importance of closely monitoring international markets and adapting to fluctuations to ensure a stable and prosperous economy