| Triggered by a sharp decline in global commodity prices since June, Moody's Investors Service has forecast prices of metals to remain weak in 2016. The reasons given are oversupply and subdued demand from China, the world's largest producer and consumer of metals.
Following weak prices, producers might cut production in 2016, which might help prices to rebound in 2017. Moody's latest report says the contraction in base metal prices and related commodities, on a declining trend since 2013, has accelerated in recent months...............................................Full Article: Source
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