SUBSCRIBERS
Goldman's commodity outlook buckles under deflation threat
Published Sun, Jan 25, 2015 · 09:50 PM
Tokyo
CHEAPER energy and the US dollar's advance are darkening the outlook for commodities, according to Goldman Sachs Group Inc.
The US bank cut its forecasts for metals and mined raw materials including copper, gold and iron ore over the next three years by about 10 to 20 per cent as production costs shrink, according to a report.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
India's Vedanta misses Q4 profit estimates on lower prices
BHP targets Anglo American in bid valuing miner at US$39 billion
China's Sinopec charts global expansion with refinery in rival India's backyard
Gold trades in tight range as market focuses on US economic data
Oil settles lower as US business activity cools, concerns over Middle East ease
Orsted says Taiwan wind project to power TSMC on track for 2025 finish