| What you see above is the biggest downturn in the RBA's commodity price index since the big crash in 2008. Mind you it doesn't look quite as severe, at least not yet. Last time around in 2008, the rush to cash in global markets caused people to sell a lot of their speculative commodity positions. Base metals in particular got smashed.
Base metals - lead, zinc, copper, nickel, and aluminium - make up 15.7% of the index, according to the RBA. Metallurgical coal (for steel making) makes up 14.7%, iron ore 9.3% and thermal coal (for power plants) makes up 9.7%...............................................Full Article: Source
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