| Fears of a slowdown in China, combined with expectations that the US will start to exit stimulus measures, have prompted investors to dump the asset class. Miners have been slashing capital expenditure as a dash for growth over the past few years resulted in a glut of supply. Even copper, which has one of the tightest supply-and-demand balances of any metal, is expected to see a significant surplus this year and next.
There have been pockets of strength, however, particularly in energy markets. This is because of supply disruptions in the Middle East and speculators betting on an economic recovery in the US...............................................Full Article: Source
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