Mining export products from the Democratic Republic of Congo are on a downward trend, according to projections by the National Commission for Mercurial Prices of the Ministry of Foreign Trade. Copper, for example, is expected to see its price drop to $8,232 per ton this week, registering a drop of $184 from the previous week.
This downward trend is also observed for other mining products such as tin, zinc, gold, silver and tantalum, the prices of which are all expected to fall this week. Lower copper prices in the Shanghai market, one of the world’s largest metal markets, are contributing to this trend.
However, despite this drop, Congolese government experts remain optimistic about a possible recovery in demand this fall, which could lead to higher copper prices in the market.
It is also interesting to note that the price of cobalt is expected to remain stable this week at USD 32,730 per tonne, which could be an encouraging sign for this mineral, which has attracted great interest in recent years due to its use in minerals. electric vehicle batteries.
This downward trend in the prices of mining products in the Democratic Republic of Congo raises questions about the factors that influence the market and the economic consequences for the country. It will be important to follow closely the evolution of these prices and to take into account the repercussions on the Congolese economy as well as on the actors of this sector.
It is essential for the Democratic Republic of Congo to diversify its economy and find ways to reduce its dependence on mining products. This could be achieved by developing other business sectors and encouraging local entrepreneurship.
In conclusion, the fall in the prices of mining export products in the Democratic Republic of Congo this week underlines the importance of finding solutions to diversify the country’s economy. It is essential to follow closely the evolution of these prices and to anticipate the economic impacts in order to be able to take the necessary measures to stimulate the development and the economic growth of the country