EXPOSIBRAM: World Bank sees metal prices depressed for next three years

Global metal prices should remain depressed over the next three years, as the restructuring on the supply side has not yet happened, a manager at the World Bank said.

“We believe that unfortunately prices will continue relatively low and depressed for the next three years,” Paulo de Sá, practice manager at the World Bank said on Tuesday September 15 during the Exposibram international mining exhibition and the 16th Brazilian mining congress in Belo Horizonte, Minas Gerais state. A price recovery will be dictated by the behaviour of Chinese demand, the speed in reducing overcapacity in the sector and the access to financing, he...

Published

Danielle Assalve

September 16, 2015

02:22 GMT

Belo Horizonte