Global metals exploration anticipated to rise 20% in 2018 –

According to S&P Global Market Intelligence predicts that exploration efforts will continue to expand over the course of this year.

Global spending on the search for nonferrous metals rose to an estimated US$8.4 billion in 2017, compared with US$7.3 billion in 2016, representing the first annual increase in exploration spending after four consecutive years of declining investment in this area, according to the World Exploration Trends (WET) report from S&P Global Market Intelligence, released in conjunction with this year’s Prospectors & Developers Association of Canada (PDAC) International Convention.