Not all commodities are equal. Boom in base metals (aprt so far for Sn and Mn) is over and prices could remain 40-70% below their peaks for years. Many mines looking to finance will not go ahead and begin construction of required infrastructure. Marginal producers will close in some instancec. Falling AUD def helps commodity exporters.
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Not all commodities are equal. Boom in base metals (aprt so far...
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Glen Diemar, MD
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