Thursday, October 16, 2008

Financial Crisis Spurs Commodities Slowdown

"Is it the end of the party for natural resources?" This is the question that BusinessWeek poses today, and it's a legitimate one considering all that has happened in the global financial markets in the last couple of weeks.

It might be tempting to abandon all hope in the markets given the current economic climate, but I'm inclined to say no, I don't think that the commodities boom has seen its end yet. It's true that slowing demand for raw materials has resulted in price weakness for many metals, but I think large industrial projects in both China and India will power sustained growth for the sector in the long term.

> Mining Tries to Dig Its Way Out [BW]

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