11.01.2016 - Commodity prices slip anew after worst year since financial crisis
The commodities hangover after an end to China's once-voracious appetite for metals, crops and fuels may be here for a while. Iron ore last traded down 1.2 per cent and crude oil is trading at $US33 a barrel. Still, Chile is expanding its largest open-pit copper mine to dig up 1.7 billion tons of minerals, even as metal prices plummet, India is building railroad lines that crisscross the country to connect underused coal mines with growing urban populations, and here in Australian producers are boosting natural gas production by roughly 150 per cent in the next four years as energy companies are building export terminals to serve dwindling demand...............................................Full Article: Source
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