Title: Price fluctuations of copper and precious metals on international markets in December 2023
Introduction :
The end-of-year period was marked by a series of price fluctuations on international markets, particularly in the mining and agricultural sectors. In particular, copper and other precious metals recorded significant increases, while some agricultural products experienced price variations. In this article, we will analyze the reasons behind these fluctuations and their implications for the stakeholders involved.
Rising prices for copper and precious metals:
During the period from December 25 to 30, 2023, the price of copper saw an increase of 2.74% in international markets, from 8,263.90 to 8,451.85 US dollars per tonne. This increase is explained by different economic and geopolitical factors, such as increased global demand, supply disruptions and geopolitical tensions in certain copper-producing regions.
Additionally, other precious metals such as zinc, tin, gold and silver also saw price increases during the same period. This increase can be attributed to growing demand in certain industrial sectors, such as the manufacturing of batteries for electric vehicles, as well as factors such as inflation and economic instability.
Fluctuations in agricultural products:
Along with the increase in precious metal prices, some agricultural products also experienced price fluctuations during the study period. Robusta coffee, Arabica coffee and cocoa have all seen price increases in international markets, mainly due to factors such as growing demand, weather conditions and production problems in some producing regions.
However, other agricultural products such as papain, cinchona bark, totaquina powder, quinine salt and rauwolfia saw a decline in prices during the same period. These declines can be attributed to factors such as overproduction, quality issues or fluctuations in demand.
Consequences for the actors concerned:
These fluctuations in the prices of copper, precious metals and agricultural products have significant consequences for the different players in these sectors. Producers of copper and precious metals may benefit from higher prices, while consumers and buyers may face higher costs. In the agricultural sector, price fluctuations can impact farmers’ incomes, as well as final product prices for consumers..
Conclusion :
The end of 2023 period was marked by fluctuations in the prices of copper, precious metals and agricultural products on international markets. These fluctuations are the result of various economic, geopolitical and climatic factors. Players in these sectors must take these price variations into account and adapt accordingly to maximize profits and minimize risks.
Leave a Reply