30.09.2011 - Commodities face ups and downs while economic time bomb ticks
Market-traded commodities are about to close out one of their worst months ever, but the impact on Australia's resources boom and its major players is still uncertain as Europe searches for a way out of its sovereign debt cul-de-sac. Crucially, the prices of Australia's two most import export commodities, coking coal and iron ore, have not yet cracked. Copper fell another 2.7 per cent on Wednesday night to extend its price dive in September to 23.9 per cent, and at about $US7000 a tonne it is more than 30 per cent below its 2011 high..............................................Full Article: Source
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