| Iron ore will lead declines among metals this year as the biggest producers in Australia and Brazil expand low-cost supplies further while demand remains weak, according to the World Bank, which cut price forecasts.
The raw material will average $63 a metric ton this year, the Washington-based lender said in its quarterly commodities report on Wednesday. That compares with the estimate of $75 given in the bank’s January’s report. The forecast for 2016 was cut to $66.60 from $77.90..........................................Full Article: Source
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