Investors flee slumping commodities

London

BANKS, pension funds, traditional and hedge fund managers and individuals are fleeing commodities in highly volatile markets; and banks which promoted raw materials as an investment have been admonished.

"Pessimism is the dominant force in the copper and other commodity markets in sharp contrast to the general optimism in 2014," said Simon Hunt, head of Simon Hunt Strategic Services, a consulting firm that regularly does business in China. "It has reached the point of what we would call capitulation."