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Slump in industrial raw materials hits home
Price falls reflect weaker global economy, excess supplies and implosion of speculative bubble
Add BT as a preferred sourcePublished Sun, Jan 18, 2015 · 09:50 PM
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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