From Vancouversun.com: Prices and demand for Canadian resources are going to keep growing in 2011, fuelled by a “tsunami” of Asian investment dollars flowing into Canada, according to a Scotiabank commodities outlook report.
Scotiabank commodities expert Patricia Mohr said Tuesday that China is not only expected to increase its demand for resources but that a tsunami of investment is headed for the resources sector, particularly smaller Vancouver-based mining companies……………………………………….Full Article: Source

From Theglobeandmail.com: If you’re looking back at investment strategies that worked in 2010, then commodities would make the list. Within Canada’s S&P/TSX composite index, materials surged 33.1 per cent this year, beating the 13.1-per-cent gain for the index. And while energy stocks lagged with an 8-per-cent gain, well, it’s still a decent positive return.
Meanwhile, the CRB commodity price index rose 15.1 per cent, thanks to standout performances by silver and nickel……………………………………….Full Article: Source

From UPI: The Organization of Petroleum Exporting Countries is courting risks for world economic recovery by not doing enough to maintain a better balance between oil price and production, London’s Center for Global Energy Studies warned in its Monthly Oil Report.
CGES published its analysis of OPEC officials’ conduct at the recently ended ministerial conference of the producer group in Ecuador. It said oil prices would rise in 2011 unless OPEC changes its outlook……………………………………….Full Article: Source

From Heatingoil.com: As the price of crude has risen steadily over the last three months, stretching toward the $100-per-barrel mark, concern among economists has grown that rising prices could hinder the fragile recovery of the global economy.
While there is little cause for concern at the moment, the price of crude and the growth of the world’s damaged economies are locked in a race—and if oil prices prove to outpace economic growth, consumers of petroleum products and, by extension, national economies around the world, could suffer……………………………………….Full Article: Source

From UPI: China consumed 13 percent more oil in November than it did in the same month in 2009 and refineries are running at full steam, an analysis shows.
Oil demand from China in November hit a record 9.3 million barrels per day, analysis by the Platts news service indicated. That is 13.1 percent higher than November 2009……………………………………….Full Article: Source

From Financialpost.com: With 2010 drawing swiftly to a close, forecasts, predictions, estimates and murmurings for 2011 and beyond are coming fast and furious. Case in point, the team at Capital Economics is the latest to weigh in on gold, everybody’s favourite metal.
Citing expected “fresh shocks to the global financial system” over the next two years, the research team forecasts gold prices of US$1,600 an ounce by the end of 2011 and US$2,000 by the end of 2012……………………………………….Full Article: Source

From Resourceinvestor.com: Gold is up slightly after yesterday’s 0.5% gain and appears to be consolidating just below $1,400/oz. The yellow metal is being supported by growing energy and food inflation and continued sovereign debt concerns. Recent days have seen the cost of insuring French debt rise to record levels and France’s AAA rating is now at risk due to the spreading eurozone debt contagion.
Nor is the US immune to the debt crisis as many US cities are at risk of defaulting in 2011 (see news below). Gold may be anticipating problems in this regard in 2011 – as it has done in recent years……………………………………….Full Article: Source

From Mineweb.co.za: Gold’s peak fix in 2010 to date was $1,426.00 on 7th December and the intra day high was just over $1,430 that day as the metal benefited from continued safe haven buying and short covering.
While the markets were still eyeing the state of play in the Eurozone, the US financial system remains a key driver, and Fed Chairman Bernanke’s hint at the possibility of yet more bond purchases fanned the flames in the market as gold pushed through $1,400 en route to its high, aided by the release of poor employment numbers……………………………………….Full Article: Source

From Indiatimes.com: Gold hasn’t lost its sheen despite the soaring price. The appetite for the yellow metal is increasing despite prices shooting past the Rs 20,000 (10 gm) levels. It has emerged as one of the best asset classes outshining peers in terms of demand.
It’s also considered a good portfolio diversifier from an investor’s viewpoint. “Customers have accepted gold as a good hedge in uncertain times. An increasing number of people are going for gold coins or bars as an investment option,” vice-president of Tanishq Sandeep Kulhalli said……………………………………….Full Article: Source

From People.com.cn: The International Monetary Fund (IMF) announced on Tuesday the conclusion of the limited sales program covering 403.3 metric tons of gold that was approved by the IMF executive board in September 2009.
“These sales are a central element of the new income model for the IMF that was endorsed by the executive board in April 2008. They will also increase the IMF’s capacity to support low-income countries under a strategy endorsed by the board in July 2009,” the Washington-based agency said in a statement……………………………………….Full Article: Source

From Commodityonline.com: Copper is all set to dominate the global commodities space in 2011. Severe supply shortage and huge demand from emerging markets like China and India will turn copper to be the most sought-after hot commodity next year.
As the year gets to a close, copper price jumped from London to Shanghai this week, touching an all-time high, on speculation that the red metal will be in huge demand from developed nations like the United States and most of the emerging countries……………………………………….Full Article: Source

From WSJ: As commodity prices soar to new records, the ability of a few traders to hold huge swaths of the world’s stockpiles is coming under scrutiny. The latest example is in the copper market, where a single trader has reported it owns 80% to 90% of the copper sitting in London Metal Exchange warehouses, equal to about half of the world’s exchange-registered copper stockpile and worth about $3 billion.
The report coincided with copper prices soaring to new records on Tuesday. Commodities prices rallied along with stocks. The Dow Jones Industrial Average gained 55.03 points, or 0.48%, to 11533.16, its highest level since August 2008……………………………………….Full Article: Source

From Commodityonline.com: Base metals should benefit from global economic growth in 2011, while precious metals remain underpinned by uncertainties such as sovereign indebtedness and government attempts to “inflate away” debts through currency debasement, said Credit Agricole CIB in an annual metals outlook Tuesday.
The bank looks for growth in global gross domestic product in excess of 4% next year, which should mean further supply strength in base metals, with “supply-constrained” metals such as tin and copper likely to benefit most, said the report……………………………………….Full Article: Source

From Minyanville.com: Copper is at a record high of $9,357.75 a metric ton today, up 1.5% for the session–and up 27% YTD. PortWorldNews, a shipping trade publication, reports that “An accident over the weekend at Chilean copper mine Dona Ines de Collahuasi’s Patache port has halted operations” after three contract workers were killed “when part of a ship-loader collapsed.”
Dona Ines de Collahuasi, a joint venture of Anglo American Plc and Xstrata Plc–and the world’s third-largest copper mine–has declared force majeure, and will not ship copper “until further notice.”………………………………………Full Article: Source

From Bloomberg: The Tokyo Grain Exchange will transfer agricultural futures trading to the Tokyo Commodity Exchange as soon as possible amid plunging volumes, the bourse’s president said today.
The decision was made at a board meeting today, Yoshiaki Watanabe, TGE president, said at a press conference in Tokyo. The bourse will ask for the transfer to take place promptly, he said. The exchange trades corn, soybeans, coffee, raw sugar and “azuki” beans……………………………………….Full Article: Source

From Euobserver.com: Talks to link greenhouse gas emissions trading systems (ETS) in the EU and Switzerland are set to start early next year after EU environment ministers handed the European Commission a negotiating mandate on Monday (20 December).
The move marks the first time the EU has sought to link its ETS to a similar system outside the bloc, with the small Alpine nation of almost eight million inhabitants already operating a voluntary ETS as an alternative to a domestic fuel tax……………………………………….Full Article: Source

From Reuters: Japan’s government will decide by the end of the year its stance on introducing a national carbon emissions trading system for companies, a government official said on Tuesday, amid concerns the scheme has been shelved.
In a proposal on anti-global warming policies last week, the ruling Democratic Party said the government should “carefully study” the carbon cap-and-trade scheme by assessing such issues as its impact on industry and the effectiveness of similar systems overseas……………………………………….Full Article: Source