International metals markets are experiencing an interesting development this week, according to projections from the National Commission of Mercurial Prices of the Ministry of Foreign Trade of the Democratic Republic of Congo (DRC). The prices of several metals, such as copper, cobalt, zinc, tin, gold and silver, are on the rise, providing new opportunities for market participants.
Copper, one of the most valuable metals used in many industrial sectors, should see its price increase slightly this week. According to Congolese experts, a ton of copper is expected to trade at 8,377.70 USD, an increase of 108.1 USD compared to the previous week.
Cobalt, considered a key mineral in the energy transition, is also following this upward trend. The price of a tonne of cobalt is expected to reach USD 32,733.00, offering new opportunities to producers of this ore in the DRC.
Zinc and tin are also seeing a price increase this week. Zinc is expected to trade at $2,391.50 per ton, while Tin is expected to trade at $25,582.00 per ton. These price increases reflect the growing demand for these metals in various industries.
Gold, the precious metal par excellence, is also experiencing an increase in its price. A tonne of gold is expected to trade at USD 62.19 per gram this week, offering new prospects for mining industry players in the DRC.
On the other hand, tantalum is the only metal whose price is expected to drop this week. Tantalum kilogram is expected to trade at USD 294.00, which requires further analysis to understand this downtrend.
It is interesting to note that these price developments offer opportunities for the Congolese economy, particularly in the mining sector. The DRC has significant reserves of these metals and can benefit from this price increase to stimulate its economy.
In conclusion, international metals markets are experiencing a price increase this week, providing new opportunities for mining industry players in the DRC. It is essential to follow these developments closely in order to seize the opportunities they offer.