The general trend of the main mining products exported from the Democratic Republic of Congo on international markets is experiencing a slight decline during the period from August 7 to 12, 2023.
According to projections by the Ministry of Foreign Trade’s National Mercurial Commission, commodities such as tin, gold and tantalum are expected to see lower prices this week.
Tin is expected to trade at $28,671 per ton, down from $28,820 per ton the previous week, down $148.
The gold price is expected to come in at around $63.48 per gram this week, down from $63.61 per gram the previous week, a decrease of $0.13.
As for tantalum, it is expected to trade at $320.75 per kilogram this week, compared to $324.60 per kilogram the previous week, a drop of $3.85.
On the other hand, copper and zinc will experience a slight price increase on international markets this week. Copper is expected to trade at $8,613 per ton, compared to $8,504 per ton the previous week, an increase of $109. Zinc, meanwhile, is expected to hit $2,519 per ton this week, up from $2,404 per ton the previous week, up $114.
Regarding cobalt and silver ore, their prices are expected to remain stable this week on international markets, at USD 32,730 per ton and USD 0.80 per gram respectively.
This evolution of the prices of mining products reflects the usual fluctuations of the market and can have an impact on the companies and the countries dependent on the export of these mining resources.
It is important to closely monitor these trends to optimize sourcing and sales strategies in the mining sector, while keeping in mind the economic and political factors that can influence prices