“ The minerals and metals industry is developing rapidly both regionally and internationally.  Our commitment to the development of these resources, while preserving the environment for future generations, has been at the heart of RAK Government’s strategy.”

-HH Sheikh Saud Bin Saqr Al Qasimi
Crown Prince and Deputy Ruler of Ras Al Khaimah

RAK Metals - The outlook for base metals

The inherent value of base metals lies in their industrial uses. Unlike precious metals, base metals are plentiful but large, concentrated deposits are needed for profitable extraction over a length of time. Developing a mine can take decades
with considerable financing, environmental permissions and extensive infrastructure needed. This creates cycles of price increases as supplies tighten, followed by corrections when new supplies come on line. Driven by global demand, metals prices rose by 57% last year, with Nickel, Zinc and Lead showing particularly high growth rates. Prices should continue to climb with the exception of Copper and Zinc which will see upcoming capacity increases, as will Nickel and Lead, the latter being mined with Zinc. To meet demand, companies are focussing on improved technology and the most economical operations.

Metal Pricing in USD.