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JPMorgan says mid-cycle commodities price slump over

Posted on 04 February 2013

Leading commodity forecasters have predicted a new stage of the commodity “supercycle” this year, underwriting optimism in the sector after a bumpy 2012. In what would be welcome news in an election year for a federal government banking on a mining tax that has yet to deliver any revenue, the prediction is for higher commodity prices this year.
Colin Fenton, JPMorgan’s chief commodities strategist and head of commodities research, said he was “getting bullish” as it was clear that the mid-cycle slump was over. “The data is coming in much stronger than we had anticipated for the first part of January,” the New York-based strategist told The Australian during a visit to Sydney……………………………………..Full Article: Source


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