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Base metals have seen significant gains since 2016. With a positive outlook for demand, base metals are expected to perform well this year. According to the World Bank, the tight supply of base metals should push up prices including lead, nickel and zinc.

 

In addition, the increasing use of solar panels as well as electric cars will also boost the demand for cobalt, copper and lithium. However, iron ore's rising global supply and moderating demand from top importer China as its steel sector shrinks may lead to price drop in 2018.