Urbanisation And Commodity Prices
One of the key drivers of high commodity prices in recent years has been urbanisation in the developing world. In China alone almost 300 million people have moved into cities since the turn of the century, spurring the world's largest-ever building boom. But with economies across the developing world slowing - and China's population stagnating - can rapid urbanisation continue to boost demand for industrial metals such as iron and copper? Discussing how urbanisation affects our commodities views is Business Monitor's Head of Commodities Research, John Davies.