Fatshimetrie, August 28, 2024- The global zinc ore market is experiencing significant fluctuations, with a notable increase in the price of a ton of zinc on international markets. According to the latest data from the National Mercuriales Commission of the Ministry of Foreign Trade, the price of zinc recorded an increase of 3.11% during the week of August 26 to 31, 2024 compared to the previous week, from 2,660.80 US dollars to 2,743.50 US dollars per ton.
This increase is also observed for other marketable minerals, including copper, tin, gold and silver. Copper is trading at 9,069.85 US dollars per ton, tin at 31,956 US dollars per ton, gold at 80.52 US dollars per ounce and silver at 0.94 US dollars per ounce. These figures represent increases ranging from 2.25% to 5.62%.
Only cobalt recorded a decrease on the international market, from 25,850 US dollars to 24,820 US dollars per tonne, a decrease of 3.98%. These fluctuations reflect the volatility of the minerals market, influenced by various economic and geopolitical factors.
At the same time, the Democratic Republic of Congo is preparing for an expansion of its zinc production with the entry into operation of Kipushi Corporation SA (Kico SA), a joint venture between Kipushi Holding Ltd and Gécamines. This partnership aims to strengthen the production of zinc concentrates, with ambitious forecasts of 450,000 tonnes per year.
The Kipushi deposit, rich in zinc and other metals, promises profitable and sustainable exploitation for the Congolese economy. The estimated reserves and the quality of the ore position the DRC as a major player in the global zinc market, contributing to its growth and economic diversification.
In conclusion, the evolution of zinc and other mineral prices on international markets reflects the importance of these resources in global trade. The DRC, with its exceptional mining potential, is expected to play a crucial role in supplying these essential raw materials to global industry.