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Next five year the commodities from iron ore to copper and crude will be lost. As global supplies climb. Crude recent losses as a sin of increased output. There will be substantial declines in some metals, energy, and bulk commodity. The period of continued year on year price rises for most commodity is over.
A prolonged period of elevated commodity prices has catalysed a supply response. We do not expect a collapse in global commodity prices. But we do anticipate substantial declines.
Copper was down $6600 in metric ton over five year, while iron ore was down $80 ton and Brent may be $100 in barrel.
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