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Yaoundé - 16 November 2019 -
Mining

Pricing environment unfavorable, this year, for metals exported by CEMAC countries (BEAC)

Pricing environment unfavorable, this year, for metals exported by CEMAC countries (BEAC)
  • Comments   -   Tuesday, 29 October 2019 13:46

(Business in Cameroon) - This year, the pricing environment has not been favorable for metals exported by the six CEMAC countries (Cameroon, Gabon, Congo, Equatorial Guinea, Chad and the Central African Republic) the Bank of Central African States (BEAC) announces.

Indeed, in a report on the evolution of the price index of products exported by CEMAC countries in H1, 2019, the institution indicates that the average metal price should be 2% lower this year than it was in 2018.

Among the factors influencing this change are, the Central Bank points out, "supply tensions, particularly for copper and zinc; disruptions in iron ore production following the collapse of a dam in Brazil; and fiscal stimulus in China."

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