The World Bank in its just-released January 2017 Commodity Markets Outlook is forecasting strong gains for industrial commodities such as energy and metals. The Bank has raised its metals price forecast to an increase of 11% from the 4% rise anticipated in its October outlook. Metals prices are projected to increase by 11% during 2017 due to tightening markets for most metals, especially those facing imminent resource constraints such as Graphite due to China's environmental issues and low grade feed of that particular commodity ;-)
KNL Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
