Commodities Prices Remain Dependent on China’s Growth, Regardless of a Slowed Down or Not

By International Business Times,  August 06, 2012, 03:36:30 AM EDT

World prices of commodities will continue to be dependent on China's economic growth, regardless whether its economy is a slowed down or not.

This, as China likewise admitted that its supply of much-needed minerals were already depleting, thus the need to source them still from overseas - a possibly source of good news for Australia.

China, which had been forecast to grow in the 8 per cent to 9 per cent range for the next two years will continue to be the driving force in mining commodity prices. And this will continue even if Europe recovers or continues to sag from its financial woes.

Read More on International Business Times




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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