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Silver continued to command strong prices on the international market while copper maintained steady performance, according to indicative mineral prices released by the Mining Commission on June 20, 2026.
The latest market update shows that silver was trading at $64.96 per troy ounce on the world market, equivalent to Sh5,520.62 per gram.
Based on the Commission's pricing framework, the indicative mineral market price was set at Sh4,968.56 per gram, while buying centres were advised to purchase the mineral at Sh4,858.15 per gram.
The figures underscore silver's continued value in Tanzania's mineral sector, particularly for artisanal and small-scale miners who rely on international commodity trends to determine earnings from their production.
Strong global demand for precious metals has helped sustain favourable prices, providing opportunities for miners participating in the country's formal mineral trading system.
Copper also maintained firm prices in the latest assessment. The industrial metal traded at $6.33 per pound on the world market, translating to Sh36.89 per gram.
The indicative mineral market price was set at Sh33.20 per gram, while buying centres were advised to purchase copper at Sh32.46 per gram.
The Mining Commission publishes indicative prices regularly to guide transactions at mineral markets and buying centres across the country.
The system is intended to improve transparency in mineral trade, protect miners from unfair pricing practices and ensure that domestic transactions reflect prevailing conditions on international markets.
Mining remains one of Tanzania's leading economic sectors, contributing significantly to export earnings, government revenue and employment opportunities.
Industry stakeholders say stable prices for minerals such as silver and copper are important for sustaining investment and supporting production across the value chain.
The latest figures show a significant price gap between precious metals and industrial minerals, with silver continuing to attract substantially higher values than copper on a per-gram basis.
Analysts note that global economic conditions, industrial demand and investor sentiment will continue to influence future price movements in both commodities.
The Commission has urged miners, traders and buying centres to adhere to the published indicative prices as part of ongoing efforts to strengthen confidence, fairness and efficiency within Tanzania's mineral marketing system.
