Source: South China Morning PostThe run-up in commodity prices, sparked in part by China’s strong economic recovery from the coronavirus pandemic last year, is entering a new phase.
Iron ore, copper and oil are among commodities recording steep price gains this year as abundant liquidity worldwide and the US$1.9 trillion stimulus plan in the United States buoy optimism over a robust global rebound.
The gains assume the rest of the world can offset weaker demand from China, the world’s biggest user of raw materials, as it…Read More