Most major minerals from the Democratic Republic of Congo recorded price declines this week, according to commodity data released on Monday, November 10, 2015. Tin stood out as the only major mineral to post a meaningful increase, while several rare metals remained unchanged.
Cobalt, vital to electric vehicle battery production, eased slightly from $47,908.00 to $47,902.00 per tonne. Copper, one of the DRC’s top export earners, also slipped, falling from $10,914.75 to $10,784.90 per tonne.
Nickel saw one of the sharpest downturns, dropping from $14,665.19 to $13,196.93 per tonne. Zinc and niobium concentrate followed suit, closing at $3,185.30 and $5,595.80 per tonne, respectively. Aluminum ingot prices also edged down slightly to $1,351.70, compared with $1,353.76 the previous week.
Gold weakened as well, dipping from $131.74 to $129.36 per ounce amid global market uncertainty that has pushed investors toward more cautious strategies.
In contrast, tin defied the general downward trend, rising from $35,422.00 to $36,204.00 per tonne on stronger buying activity and renewed international demand.
Several rare metals, including germanium ($4,253.63), tantalum ($350.00), and silver ($1.57 per ounce), recorded no price changes over the week.
