Vedanta CEO Sees Commodity Rout Continuing Up to Two More Years
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Vedanta Resources Plc expects the slump in commodity prices to continue for one or two more years as a supply glut persists.
“The markets have been more affected by the oversupply in the past two or three years than by dropping demand,” Chief Executive Officer Tom Albanese said on a conference call. It will take time to absorb the excess oil and iron ore, and to a lesser extent copper and other metals, he said.