World Bank: Base Metals Prices to Rise 16% in 2017

Apr 28, 2017 10:35

World Bank hiked its forecast for base metals prices this year, expecting base metals prices to rise 16%, compared to a 11% increase expected in January.

SHANGHAI, Apr. 28 (SMM) - World Bank hiked its forecast for base metals prices this year, expecting base metals prices to rise 16%, compared to a 11% increase expected in January.

Strong demand, especially from China, and higher disruption rate at metal mines in Chile, Indonesia and Peru, will precipitate supply tightness.

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World Bank: Base Metals Prices to Rise 16% in 2017

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