Commodities Rebound From 16-Year Low as Oil, Metals Lead Gains
- Bloomberg Commodity Index climbs after 2.2% drop on Monday
- Resources stocks outside China recoup losses after selloff
A conveyor belt deposits processed rock ore onto a dump at the Kibali gold mine in the Democratic Republic of Congo.
Photographer: Simon Dawson/BloombergThis article is for subscribers only.
Flush from a collapse in everything from oil to aluminum to cotton, commodity bears are taking a break.
A measure of returns from 22 raw materials advanced on Tuesday, recovering from the lowest level since 1999 on concern a slowing Chinese economy will exacerbate supply gluts. Shares in miners and explorers outside China including Glencore Plc, Fortescue Metals Group Ltd. and Antofagasta Plc recouped some losses after a selloff that wiped $2.7 trillion from global equity markets.