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Japan rebuilding to boost commodity demand, Mobius says

Posted on 16 March 2011

From Bloomberg: Demand for commodities will remain intact after Japan’s biggest earthquake as rebuilding efforts will outweigh a decline in industrial production, Mark Mobius, chairman of Templeton Asset Management’s Emerging Markets Group, said.
“We don’t think there’s going to be a significant change in the longer-term trend,” Mobius said. “We haven’t moved to buy or sell. There is tremendous spending that has to be done, and that will boost the demand for steel, iron ore and the rest of it.”………………………………………Full Article: Source


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