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Commodities slump to 16-year low

Shares in miners and explorers also plunge while Brent crude falls below US$45 for the first time since 2009

Raw materials are in retreat as supplies outstrip demand amid forecasts for the slowest Chinese growth since 1990.

Kuala Lumpur

COMMODITIES sank to the lowest level in 16 years and shares in resources companies joined a global equity slump on concern China's economic slowdown will exacerbate gluts of everything from oil to metals.

The Bloomberg Commodity Index of 22 raw materials lost as much 1