SHANGHAI, Oct. 26 (SMM) – World Bank raised its 2017 price outlook for metals and oil in its latest Commodity Markets Outlook.
“In 2017, metals prices are expected to advance by 4%, and zinc will be the top performer, with gain projected to be more than 20% due to tightening supply from mine closures,” the bank said.
Precious metals prices are projected to rise 7% in 2016, due mainly to strong investment demand, the bank added.
Energy prices, including oil, natural gas and coal, are projected to jump almost 25% overall in 2017, the bank predicted.
The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or limited. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.
For news cooperation, please contact us by email: email@example.com or firstname.lastname@example.org.