International price fluctuations affected the benchmark prices exports of mining products subject to export duty for the period of January 2020. Compared to the prices for the December 2019 period, most commodities experienced an increase.
A number of mining products like copper concentrate, iron concentrate, laterite iron concentrate, iron sand concentrate, pellet iron sand concentrate, manganese concentrate, lead concentrate, zinc concentrate, ilmenite concentrate, rutile concentrate, and bauxite which have been carried out washing.
Copper concentrate (Cu≥15 percent) is set at average price of US$2,364.17/WE or an increase of 0.49%. Then, iron concentrate (hematite, magnetite) (Fe≥62 percent and ≤1 percent TiO2) is set at average price of $75.19/WE or an increase of 7.34%.
For laterite iron concentrate (gutite, hematite, magnetite) with levels (Fe≥50 percent and (Al2O3 +SiO2) ≥10 percent) the government set an average price of $38.42/WE or an increase of 7.34%. While, concentrate iron sand (lamela magnetite-ilmenite) (Fe≥56 percent) with an average price of $44.89/WE or up by 7.34%.
The zinc concentrate (Zn ≥51 percent) with an average price of $569.70/WE or down by 13.1%. Moreover, iron sand concentrate (lamela magnetite-ilmenite) pellets (Fe≥54) with an average price $117.98/WE did not change.