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Iron ore is loaded onto a stockpile at Fortescue Metals Cloudbreak iron ore mine, about 250 km southeast of Port Hedland in Western Australia state in this July 25, 2011 file photo.
Iron ore is loaded onto a stockpile at Fortescue Metals Cloudbreak iron ore mine, about 250 km southeast of Port Hedland in Western Australia state in this July 25, 2011 file photo.
(STAFF/REUTERS)

RIP commodity supercycle, 2002-2014

Metals prices in China were crushed Monday as the country’s economic numbers continued to drive nails into the coffin of a global commodity supercycle that has enriched so many Canadians since 2002.

Copper prices in Shanghai fell 5 per cent Monday after the government released trade statistics showing an 18.1-per-cent year-over-year decline in exports. The copper price now stands 8.6 per cent below highs hit on Feb. 17.