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Commodities Briefing - Categorized | Market Moves, Trading more

Supply constraints remain many commodities’ key driver - E&Y

Posted on 04 December 2012

“The fundamental demand story for mining and metals remains strong and we are already seeing an increase in growth in the Chinese economy, with expectations that this will be maintained in 2012,” says Ernest & Young’s Global Mining & Metals Leader, Mike Elliott.
“While we remain confident in the outlook for demand, we are more concerned about how the current hiatus in new capital approvals will impact future supply,” he added. “Supply constraints remain the key driver for many commodities in the medium to longer term, particularly iron ore, copper and lead.”……………………………………….Full Article: Source


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