09.09.2013 - Commodity prices ‘not exceptionally high’
Recent trading activity has raised questions amongst analysts and investors alike as to whether the mining boom is a thing of the past or whether it still has life left in it. It has also sparked uncertainty regarding which direction prices for commodities such as iron ore will go. It has commonly been argued that the recent run up in the price of commodities will only be short-lived and that the prices will soon fall back down. Take, for example, iron ore. The steel making ingredient has rallied roughly 61% since September last year from its US$87 per tonne level to US$140 per tonne today...............................................Full Article: Source
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