Cobalt and copper prices in international markets in September 2023 continue to attract investor interest. According to the latest information, cobalt, considered the ore of the energy transition, recorded a slight increase of 1.13% compared to the previous month, reaching the value of 32,979.10 USD per tonne at the start of the month.
This positive development confirms the predominant position of the Democratic Republic of Congo in the global cobalt market, given that the country is one of the main producers of this mineral essential for the manufacture of batteries for electric vehicles and storage technologies of energy.
On the other hand, copper saw a slight monthly decline of 0.82%, settling at USD 8,405.10 per tonne at the end of August 2023. This downward trend is mainly attributed to the strength of the dollar and to the disappointing indicators published in China, one of the world’s largest consumers of copper.
Despite this decline, copper remains a valuable asset in the metals market, being widely used in the construction industry, electronics and infrastructure. Fluctuations in copper prices are therefore closely monitored by investors and players in the mining sector.
It is important to emphasize that the prices of mining products are subject to regular variations depending on supply and demand in global markets, as well as currency fluctuations and economic and political factors. This is why it is essential to stay informed of the evolution of these prices in order to make informed decisions in the field of mining investments.
In conclusion, despite a slight drop in the price of copper, the cobalt market remains favorable for the Democratic Republic of Congo, strengthening its position as a main player in the global mining industry. It is therefore essential to continue to closely monitor the evolution of these prices to seize investment opportunities in this constantly evolving sector.