Slump in industrial raw materials hits home
Price falls reflect weaker global economy, excess supplies and implosion of speculative bubble
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 but, in reality, were speculative purchases by investment banks, commodity specialist hedge and exchange traded funds.
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