| From Business-standard.com: The commodity cycle hasn’t turned but it’s just a price correction, according to Bart Melek, the global commodity strategist, equity research, BMO Capital Markets, the investment banking arm of Canada-based BMO Financial Group, which is setting up shop in India despite M&As having dried up in this market.
“BMO thinks the commodity cycle continues to be in a bullish configuration though commodity prices have fallen sharply (15-56 per cent from five-year average prices), deepened by the financial crisis. We don’t think it has upset the fundamental demand story,” Melek said..... Full Article: Source
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