Cape Town – The price of metals is projected to increase by 11% in 2017 due to tightening markets, especially those facing imminent resource constraints, the World Bank said in its latest Commodity Market Outlook.
The largest gains are expected in zinc (27%) and lead (18%) due to mine supply constraints brought on by permanent and discretionary mine closures.
In addition, copper, nickel, and tin are expected to increase with double digits.