As a TBC Capital research organization reports, the gold price may rise by 11% in 2020, while the copper and iron prices will decrease by 14% and 8% respectively, the TBC Capital report reads.
"Restrictions on economic activity have not affected the mining sector. The share of exports of copper, gold, and ferroalloys amounted to 28% in total exports,'' the research says.
The projected decline in iron ore prices (-8%) creates a risk for the export price of ferroalloys.
The price of gold, as a safe asset, will increase (+ 11%) during 2020.