Exploration spend likely to jump in 2018

GLOBAL metals exploration is expected to rise by 15-20% this year, due to continuing positive metal price momentum.

Exploration spend likely to jump in 2018 Exploration spend likely to jump in 2018 Exploration spend likely to jump in 2018 Exploration spend likely to jump in 2018 Exploration spend likely to jump in 2018

S&P Global Market Intelligence said in its World Exploration Trends (WET) report released on Monday that it also forecast global GDP to grow by 3.8% in 2018, buoyed by growth across many key economies.

"For the first time since 2010, the world economy is outperforming most predictions, and we are among many analytical companies that expect this strength to continue," S&P said.

However, there were some risks to exploration investment, such as ongoing instability in global and national politics, and emerging market volatility, which could affect the mining sector in general.

"S&P Global sees politics as the bigger near‑term risk to the economic outlook, ranging from the ...