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

End of commodity boom may be good for Australia

Posted on 12 September 2012

Have Australians got it wrong by bemoaning what’s been called the end of the commodities boom, which may turn out to be another bit of good fortune for the nation known as the lucky country? The decision to cut capital spending by Fortescue Metals Group, probably the country’s most bullish iron ore miner, has been viewed as another nail, if not the final one, in the coffin of the once-in-a-generation resources extravaganza.
News that the economy expanded 3.7% in the year ended June 30 wasn’t enough to temper the feeling that Australia’s best days may be behind it, especially given the leverage of the economy to the now slowing Chinese giant………………………………………..Full Article: Source

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VRS - who has written 36927 posts on Opalesque Commodities Briefing.


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