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Noble says commodities are bottoming, will rebound

Posted on 11 November 2008

From Bloomberg: Noble Group Ltd., the commodity supplier that more than doubled third-quarter profit, forecast a rebound in demand for metals and grains over the next 12 to 18 months as government investment programs boost economic growth.

“I’m seeing the bottom,” Chief Executive Officer Richard Elman said in Singapore. “I wouldn’t be surprised to see in a year to 18 months’ time we take off again.”…. Full Article: Source


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VRS - who has written 37583 posts on Opalesque Commodities Briefing.


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