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China’s economy has struggled amid soaring debt levels and an overreliance on their residential real estate sector.
Nearly all commodity prices track economic developments in China, usually with a lag of about one year.
Even if China succeeds in boosting growth in 2024, commodity prices might not sustain a rally unless global conflicts intensify supply disruptions.
By Erik Norland
Given the ongoing Russia-Ukraine and Middle Eastern conflicts as well as OPEC's production cuts, one might imagine that commodity prices would be near record highs. ...