| Lower prices have had a mixed effect on commodities production. Metals like gold and iron ore have seen output stay stubbornly high -- with Platts reporting this week that iron ore exports from key producers Australia and Brazil are running near record levels, despite a plunge in prices.
Other metals like copper and platinum are starting to show production slowdowns. But news this week suggests that one commodity appears to be responding fastest to lower prices. Thermal coal. On Monday, the world's top coal-exporting nation, Indonesia, said that its production is in major decline. Having already fallen by double-digit percentages this year...............................................Full Article: Source
|