Strong metal price growth seen, but SA poses risk to platinum

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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. 

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USD/ZAR
14.06
-1.0%
GBP/ZAR
19.68
-0.4%
EUR/ZAR
17.10
-0.3%
AUD/ZAR
11.03
-0.3%
JPY/ZAR
0.13
-0.6%
Gold
1,830.44
+0.9%
Silver
27.44
+0.5%
Palladium
2,933.04
-0.6%
Platinum
1,256.51
+0.1%
Brent Crude
68.09
-1.3%
Top 40
62,573
+1.4%
All Share
68,520
+1.4%
Resource 10
71,474
+2.1%
Industrial 25
86,856
+0.9%
Financial 15
12,711
+1.1%
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