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Ingenuity needed to survive commodities crisis

Posted on 25 June 2013

Global commodity prices have fallen more than 30% over the past year. The extent of the decline has taken most producers, governments and investors by surprise. Profits have fallen sharply. In South Africa, many gold and platinum producers are now operating at a loss.
Across the globe, miners have scaled back planned expansions dramatically. The Financial Times reports that the last time investors were as negative about mining shares as they are now was in December 2008, at the start of the global financial crisis………………………………………..Full Article: Source


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VRS - who has written 38538 posts on Opalesque Commodities Briefing.


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