Has the rout in commodity prices finally found a bottom?

Has the rout in commodity prices finally found a bottom?

By The Times

Has the rout in commodity prices finally found a bottom? Is the crisis over? Don't bet on it, argues our experts in this Times Business podcast special on commodities. A decade ago, commodities were at their strength, with a large upward shift in demand that was powered by China’s emergence as a manufacturing superpower. Companies – most especially the miners – signed off huge investments, buying assets and expanding output. But now China's growth is slowing, so what's that done to the commodities sector?Marcus Leroux, Industrial Editor, explains why such enormous expansion projects have had a disastrous effect on the mining companies that will take years to reverse. Find out why he thinks it will be a "long, long time" before the likes of iron ore reach their peak prices of £189 a tonne again.Meanwhile, Robin Pagnamenta, Energy Editor, explains why we are unlikely to see the price of oil bouncing back to their former highs of over $100 a barrel any time soon. And what effect is the high output from...

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