| Commodities continue to be hammered by financial market turmoil and risk aversion among investors. Commodity fundamentals may be stronger now than before but if a recession were to materialise, a further crash would occur.
"However the downside compared with 2008/09 would be much smaller, in our view, partly because prices would be falling from less lofty heights, but also because of robust cost suport levels in many markets and a significant expansion in the emerging market share of commodity demand in the past few years," according to an analysis by Barclays Capital..............................................Full Article: Source
|