The world of news is constantly changing, with information spreading at lightning speed through the Internet. In this article, we will look at the price of copper and other precious metals on international markets, especially in the Democratic Republic of Congo (DRC).
According to projections by the National Commission of Mercurial Prices of the Ministry of Foreign Trade of the DRC, the price of a ton of copper should experience a slight increase during the period from September 4 to 9, 2023. Currently, the ton of copper is trading at $8,269.60 but is expected to hit $8,377.70 this week. An increase of 108.1 USD which could have an impact on the market.
But copper is not the only metal to experience a price increase. Cobalt, zinc, tin, gold and silver are also expected to see higher prices in international markets this week. Cobalt, considered an energy transition mineral, is currently trading at USD 32,728.00 per ton and is expected to reach USD 32,733.00. Zinc, meanwhile, is expected to fall from $2,301.10 a tonne to $2,391.50. A slight increase is also expected for tin, gold and silver.
This increase in the price of gold is particularly interesting for the DRC, which seeks to promote the exploitation of artisanal gold. Indeed, gold ore is expected to trade at $62.19 per gram this week, down from $61.31 previously. An increase that could have repercussions on the country’s economy.
However, not all metals have the same trend. Tantalum price is expected to see a slight decline from $299.80 per kilogram to $294.00. A decrease that deserves to be taken into account.
In conclusion, precious metals play a vital role in the global economy, and fluctuations in their prices can have a significant impact. This week, the ton of copper should experience an increase, as well as cobalt, zinc, tin, gold and silver. The DRC, in particular, should benefit from the increase in the price of gold, which favors the exploitation of artisanal gold. However, it is important to remain vigilant and closely follow market developments to make informed decisions.