[miningmx.com] – CITIGROUP, a bank, believed there would be a recovery in metals, oil and possibly agriculture by 2017 as supply tailed off amid a slump in commodity prices.
In a report by Bloomberg News, Citigroup analysts are cited as saying the prospects for copper, nickel as well as platinum and palladium were good from as early as end-2016. It also saw prices “mildly up across the staple cereals, but weak to very weak across the bulks. In short, a modest recovery.”
The Bloomberg Commodity Index is down 22% this year, heading for the biggest annual decline since the global financial crisis in 2008, the newswire said.
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