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Commodity prices ‘set to soar’

Posted on 31 March 2009

From Businessday.co.za: Mining group Xstrata on Friday said cutbacks in mineral production in response to the global recession could come back to haunt buyers as prices rise significantly due to shortages once demand recovers in response to a raft of stimulus measures implemented to deal with the global recession.

Commodity prices have plummeted due to flat demand as major consuming countries grapple with the worst global recession in more than six decades…..Full Article: Source


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VRS - who has written 34624 posts on Opalesque Commodities Briefing.


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