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Analysts expect tough year for commodities in Australia

Posted on 29 December 2008

From Theage.com.au: Prices for Australia’s most valuable export commodities including iron ore and copper are expected to tumble next year as demand for the metals contracts in line with slowing global economic growth.

Analysts unanimously agree commodities demand and prices will remain weak in the first half of 2009 - prompting further mine closures and sector consolidation - as the world-wide financial crisis continues…… Full Article: Source


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VRS - who has written 39433 posts on Opalesque Commodities Briefing.


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