| 29.06.2010 - China backstops commodities pricing |
| From Theaustralian.com.au: China's appetite for raw materials has again powered a strong commodity price recovery over the past financial year. This continues to offset the slump in Western economies. Strong price gains across base metals and bulk materials were recorded for the 2009-10 fiscal year, with a 40 per cent jump in base metals prices, a 26 per cent gain in oil markets and an 82 per cent gain in the iron ore industry..............................................Full Article: Source |