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Japan disaster to boost commodity prices: Scotiabank

Posted on 29 March 2011

Patricia MohrReconstruction in Japan following this month’s earthquake and tsunami is likely to boost prices for lumber, plywood, steel and other building materials, a leading Canadian bank said Monday.

Scotiabank said in a research note that commodity prices were like to see an increase over the next six to 12 months as Japan recovers from this month’s earthquake and tsunami, and continues to grapple with the crisis at the Fukushima-Daiichi nuclear plant……………………………………..Full Article: Source

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