Basic Materials is coming back.

Basic materials are showing the same reversal pattern: economy will recover much later, but demand will come before it at some level and at some price. Here is the key: level of price is killing the Supply side more then Demand is diminishing. Decision to close the mine will come quick without the credit available, but to build a new one you need 5-7 years with all favorables in place. Study Zinc as one of the examples.