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.
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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.
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