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Slump in commodity prices may be good news for much of the world

Western countries and industrialising emerging markets stand to benefit from cheaper oil and raw material inputs

Port workers in Chile checking a copper shipment that is to be exported to Asia. Copper prices have slumped by 20-40 per cent in a year.


A COLLAPSE in commodity prices prompted by a slowdown in the world's most voracious consumer, China, has rocked financial markets and sent Russia, Brazil and even Canada into recession.

But for much of the world, the crisis may in fact be good news. China accounts for 40-50