| The extent of the commodities rout that's pushed raw material prices to 16-year-lows is more severe than anticipated and isn't chiefly the fault of weaker growth in China, according to the head of the world's largest mining company.
Some price declines "have been a lot more dramatic than probably we thought they would be at the start of the year," BHP Billiton chief executive officer Andrew Mackenzie said. "I would say it's wrong to see a prolonged period of lower prices as entirely a product of China moving more into a services-based economy."..............................................Full Article: Source
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