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Caterpillar says commodity prices to ease

Posted on 22 October 2008

From Watoday.com.au: Commodity prices, after plunging from record highs in the first half of the year, may head lower as global growth slows, according to Caterpillar, the world’s largest maker of bulldozers and excavators.

“A weakening world economy could continue to push prices down and impact producers’ investment plans,” Peoria-based Caterpillar said today in its third-quarter earnings statement. Global growth will drop to the slowest pace since 2002, the company said….. Full Article: Source


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