Key commodity prices set to spike, warn analysts

Banks and fund managers forecast continuing growth in demand for natural gas and oil and a supply crisis in iron ore, copper and coal, leading to sharp price rises in those commodities. Analysts cite a combination of reasons for their outlook. One is that there will be supply issues for raw materials due to a fallout from the 2008 financial crisis, when a vast number of mining projects were derailed. Moreover, environmental clearance will become harder to get in future, particularly i…