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Macquarie slashes commodity forecasts

MACQUARIE Research has downgraded the outlook for commodities, slashing prices for base metals in 2009 by 30-40% from previous forecasts.

Kristie Batten
Macquarie slashes commodity forecasts

The issuing of new forecasts was delayed for a month while the company could better assess the changing dynamics of global growth and the prospects for recovery. Macquarie has forecast copper to sit...

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