BlackRock’s GMI Favors Copper as Developed World Demand Improves

Reuters reports that the Australian equity arm of BlackRock, the world’s biggest asset manager, reports a preference for investments linked to copper, iron ore and metallurgical coal as demand in previously slow economies is now growing.

The market news is quoted as saying:

John Robinson, chairman of Global Mining Investments (ASX:GMI), said emerging market demand for these commodities had been robust, but demand from industrialized nations was recovering while supply in some sectors was constrained.

“The outlook for this sector is particularly strong,” he told Reuters in an interview, although he said he was less bullish on aluminum because of a global supply glut.

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