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Commodity boom to stay as developing countries support exports

Posted on 21 November 2012

Despite a reduced demand for commodities in the current tumultuous global economy, emerging economies, including China, would support commodity prices and Canada’s potential role as a significant mining jurisdiction. Scotiabank VP of economics and commodity market specialist Patricia Mohr provided a bullish outlook on minerals and metals prices over the long term, despite this year’s slowdown.
Mohr looked at the fundamental drivers of the mining business, and in particular the role of China and ‘emerging markets’ as consumers of minerals and metals products. While China is in transition to lower-trend growth, further industrialisation, modernisation and urbanisation would continue to drive demand for metals………………………………………Full Article: Source

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