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Slump in industrial raw materials hits home

Price falls reflect weaker global economy, excess supplies and implosion of speculative bubble

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Attention recently turned towards copper, which is now down by 43 per cent from its peak of US$10,000 a tonne in 2011.

London

WHILE attention has been focused on oil, the realisation is hitting home that there has been a major slump in industrial commodities since their bubble peaks during the past four years.

Most industrial commodity prices peaked in 2011 following a wave of so-called investment

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