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Slump in industrial raw materials hits home

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

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


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