30.12.2015 - Not so shiny: A bad year for commodities (Video)
A multi-billion dollar lawsuit for the world's biggest iron-ore miner, BHP Billiton, after a fatal dam burst in Brazil. And a sea of plunging commodity prices throughout the year. It could be an understatement to say it's been a bad year for commodities. Head of Currency Strategy at CIBC, Jeremy Stretch says: "It's been almost a perfect storm as far as the commodities sector has been concerned." Iron ore, copper and nickel all showing the same trend, down. Conspiring against the sector, Jeremy Stretch from CIBC lists the slowdown in China, commodities priced in a strengthening dollar and basic laws of supply and demand. Jeremy added: "I think there's also a legacy of the significant increase in investment that we'd seen over the course of the last decade or so, almost on the presumption that the Chinese growth miracle or the Chinese growth backdrop would continue at the same degree or pace." ..............................................Full Article: Source
Print