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Base metals prices to collapse by 2015

Posted on 07 September 2012

The cyclical nature of the commodity market with long lead times for new base metals projects meaning they come on line when the cycle is turning down suggests a sharp fall in base metals prices ahead.
Michael Pettis at China Financial Markets has been saying the same thing. Indeed, it is analysis from Pettis that influenced my views in the first place. Pettis now believes commodity prices will collapse by as much as 50% over the next few years. His rationale is solid………………………………………..Full Article: Source


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VRS - who has written 39856 posts on Opalesque Commodities Briefing.


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