Cobalt, one of the main mining products exported from the Democratic Republic of Congo (DRC), is expected to record a slight price increase on international markets during this week.
According to projections put forward by the National Mercurial Commission of the Ministry of Foreign Trade of the DRC, cobalt should trade at USD 32,758 in the week from November 20 to 25, 2023, an increase of 0.03%. Last week, the price of cobalt was capped at USD 32,748.00 per tonne.
During the same period, zinc and tin are also expected to see an uptick in international markets. On the one hand, zinc should trade respectively at 2,579.50 US dollars per tonne against 2,541.45 US dollars, an increase of 1.50%.
And on the other hand, tin is expected to trade at 24,758.80 US dollars per tonne against 24,084.00 US dollars the previous week, an increase of 674.8 USD.
Furthermore, other commercial mining products, namely copper, gold, silver and tantalum, experienced a slight decline during the period under review.
The price of copper fell to 8,059.90 US dollars per tonne from 8,085.40 US dollars, a decrease of 0.32%.
As for gold, its price fell to 63.04 US dollars per gram against 63.95 US dollars a week earlier, a drop of 1.42%.
If the price of silver falls to 0.73 US dollars per gram from 0.74 US dollars, representing a drop of 1.35%, that of tantalum falls to 227.00 US dollars per kilogram from 228, 00 US dollars, a price drop of around 0.44%.
