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Morgan Stanley cuts commodities price forecasts

China's dormant industry fails to bolster demand in the world's biggest consumer of copper and iron ore

Published Wed, Mar 25, 2015 · 09:50 PM
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Seoul

MORGAN Stanley cut its price forecasts for almost all base metals and bulk commodities as China's "dormant" industry fails to bolster demand in the world's biggest consumer of copper and iron ore.

The bank reduced its 2015 estimate for nickel by 23 per cent from its previous estimate to an average US$14,815 a tonne and…

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