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Commodity prices to fall in 2014, but will rebound in 2015-16 - Goldman Sachs

Posted on 06 December 2013

In the face of falling commodity prices, many mining projects are being scaled down or canceled which will result in lower supply and higher prices as soon as 2015-16, managing director and head of Latin American economics at Goldman Sachs, Alfredo Ramos, told BNamericas.
“Investment in mining and other commodity sectors is being canceled or scaled down in anticipation of potentially soft/lower commodity prices in the near future,” Ramos said. In Chile, the world’s largest copper producer, nine mining projects had been suspended from the portfolio as of end-June, involving US$27bn in investment, according to local industrial association Sofofa………………………………………..Full Article: Source


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