During the week of June 12 to 17, 2023, the main mining export products of the Democratic Republic of the Congo witnessed a general upward trend.
However, cobalt remained in a state of decline, as indicated by the Commission projections of the National Mercuriales of the Ministry of Foreign Trade.
Throughout this week, cobalt maintained its downward trajectory, with prices reaching 28,838 USD per tonne, compared to 29,239 USD per tonne the previous week. This resulted in a negative price difference of 401 USD.
In contrast, copper experienced a positive surge, reaching 8,294.65 USD per tonne, an increase from the previous week’s 8,044.30 USD per tonne, marking a rise of 250.35 USD.
Zinc also demonstrated an upward trend, with prices climbing to USD 2,302.55 per tonne this week, surpassing the previous week’s figure of USD 2,282.55 by 20 USD.
Furthermore, gold, silver, tantalum, and tin showcased a similar upward trajectory on the international market, as illustrated in the table below:
These positive developments in the prices of copper, zinc, gold, silver, tantalum, and tin indicate a favorable market condition for these minerals.
However, the concerning descent of cobalt prices persists, highlighting the challenges faced by the Democratic Republic of the Congo’s cobalt industry.
