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Australia defies sceptics, says commodities boom to roll on

Posted on 02 March 2011

From Reuters: Chinese and Indian demand will fuel a global commodities price rally for another two years before miners and farmers produce enough metals and grains to restrain the charge, Australian and U.S. officials said on Tuesday.

Some analysts have expressed doubts about the sustainability of the price rally, now in its third year, partly because of a manufacturing slowdown in China. Data on Tuesday showed factory growth in China at a six-month low after a series of monetary tightening moves in the world’s second-biggest economy…………………………………….Full Article: Source


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