| From Busrep.co.za: Commodities markets are facing years of depressed pricing as users of everything from Malaysian tin to South African platinum see orders dry up and cancel raw material shipments, BlackRock World Mining Fund, the world's largest commodities fund, said.
Steel makers worldwide are reducing inventories rather than make more steel, lowering demand for iron ore and coking coal, while a collapse in car making has left South Africa's once-booming platinum industry in tatters, Evy Hambro, the $4.7 billion fund's managersaid..... Full Article: Source
|