A faster slowdown in demand for commodities than initially expected in 2015 has placed a damper on broad-based commodity price recoveries in 2016, and was compounded by lacklustre global economic growth and record inventories, which would take time to work down as production cutbacks and mine closures take effect.
Analysts representing the world’s top market intelligence firms were talking about commodities and the market outlook in Toronto on Sunday, on the first day of the yearly Prospectors and Developers Association of Canada’s convention – the largest mining show on earth.
