31
Aug
The Namibian Ports Authority says the mineral commodities are a key driver of Namibian ports cargo volumes. There is a high correlation between global commodity prices and cargo movement through the port, the Authority stated. It stated that where the commodity prices are favourable, it drives increased mining activities and an uptick in volumes throughput through the ports supporting these activities. Commenting on the minerals that are exported via Walvis Bay, the Authority, said in 2022, the copper price increased by 17.8% to an average of US$9,985 per metric tonnes during the first quarter of 2022. The increase was due…