HARARE - The world market prices for most minerals are set to increase by 60 per cent, a senior member of Utho Capital Minerals, Washington Mehlomakulu, has said.“The commodity prices on the world market are likely to increase by 60 per cent given the heightened international demand. The demand for minerals like chrome, copper and gold has phenomenally increased because of the economic recovery of economic powerhouses like China, USA and other countries from the European block,” he said.
Mehlomakulu said the price of gold increased last year because of the change of fortunes in the economies of many international countries from which most lucrative mineral offers were coming.
Mehlomakulu believes that the local mining industry has the capacity to meet the increasing demand despite the many challenges it is facing.
Post published in: Manufacturing