Metals outlook for 2010

MINING DAILY will feature exclusive forecasts for the base metals markets in 2010 every day from next Monday.

MINING DAILY will next week feature a series of forecasts from industry experts on what 2010 has in store for global base metals markets.

The metals outlooks will feature analysis and data from IBISWorld, as well as exclusive commentary obtained for MINING DAILY from market analysts and high-level industry figures.

The features will start on Monday with a forecast for the copper sector, before investigating the nickel, gold, iron ore and silver, lead and zinc markets.

According to the IBISWorld data, stronger metal prices are predicted across the board for next year, with gold and silver leading the way.

These commodities will support the lower prices expected for nickel, lead and zinc.

The gold sector is expected to appreciate steadily over 2010, with production expected to expand.

“Overall gold industry revenue is forecast to fall at an average annual rate of about 9.1% over the five years ending in 2013-14,” IBISWorld said.

Many experts are tipping the iron ore benchmark negotiation system will also be replaced by another mechanism, with a pricing index among the possibilities.

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