Oil, coal, iron ore demand could peak in 20 years
Global economic growth will be less resource-intensive with technological advances
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Singapore
DEMAND for oil, coal and iron ore could peak in the next two decades as advances in technology result in less resource-intensive global economic growth.
At the same time, China's voracious appetite for resources in the past decade - which had helped to propel prices of commodities higher in the supercycle - is unlikely to be matched by any other country in future, including India, according to a study by McKinsey Global Institute (MGI).
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