Let’s dig into the mining sector right now. We had interesting reports actually coming out of the mining sector today. Anglo American and [the Anglo] crew coming out with their second-quarter production updates. By ‘crew’ I mean the likes of Kumba and Anglo Platinum.
So that suggests that you think that this quarter is kind of a once-off, just the fact that production across most of the basket was lower and prices were significantly lower. I want to home in on that, because prices did come down. So what are you saying? Are you saying that some of those commodity prices have come down enough and we could see a turn in the third quarter? If that’s what you’re saying then I’m really worried about inflation.
All right. And profits? It sounds like you’re not worried either, then?
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