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A currency-caused commodity calamity

Coining snappy sayings and catchy acronyms is a speciality of investment bankers but there’s a new one starting to gain popularity which the mining world will be hoping does not prove to be catching. It is “lower for longer”.

Goldman Sachs, the bank which invented the BRIC abbreviation to lump Brazil, Russia, India and China into a group of emerging countries, and helped popularise the “stronger-for-longer” saying at the