UBS researchers forecast strong growth in demand for natural resources, and caution that supplies of natural resources will remain thinly stretched in the near term. That's because continued demand for natural resources from emerging market countries, a sharp slowing in new reserve discoveries, and low inventory levels will all likely extend the current bull market in commodities.
But this cycle of price increases isn't as bad as it could be UBS researchers argue in a recent report entitled Commodities scarcity of abundance that although the market price for energy products and base metals has risen sharply during the past few years, prices...
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