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BlackRock confident in China commodity demand

Posted on 30 October 2012

China’s appetite for commodities continues to grow and, with the steady recovery in the U.S. economy, should support prices for raw materials such as iron ore and copper, portfolio managers for BlackRock Inc.’s natural resources equity team said Tuesday.
Catherine Raw, co-manager of BlackRock’s BGF World Mining Fund, told reporters in Australia that slower growth in China’s economy still translates into strong commodities demand but that this hasn’t been reflected in share prices for the mining industry. At the same time, the euro zone crisis is currently less of a concern, and the U.S. economy has performed better than some people had expected early in the year, she said………………………………………..Full Article: Source


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