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Commodities Briefing - Categorized | Commodity Crisis, Financial, Market Moves more

Commodity rout is no global financial crisis moment

Posted on 06 September 2012

Just to get you into the right mood for what follows, here’s one forecast for commodity prices at the end of next year. Copper at $US5000 a tonne (against $US7635 at Tuesday’s close on the London Metal Exchange), lead $US1500/tonne ($US1995 on Tuesday), nickel $US13,500/tonne (US$15,950 now), tin $US17,500/tonne ($US19,625 now) and zinc down from $US1877/tonne on Tuesday to $US1450 in December next year.
The good news in these predictions from Capital Economics in London is that the declines as forecast would be nowhere near as bad as in the GFC, but that may be seen as scant comfort………………………………………Full Article: Source


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This post was written by:

VRS - who has written 34624 posts on Opalesque Commodities Briefing.


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