Friday, November 20, 2009

Macquarie Sees Steady Recovery in Commodity Demand

(Bloomberg) -- Global commodity demand will have a steady recovery in the first half next year, with China leading consumption, according to Macquarie Securities Group. China, the world’s largest consumer of metals, accounted for about 50 percent of global commodity demand this year, up from about a third a year ago, analyst Jim Lennon said today at a conference in Hong Kong. Oil prices may reach $80 a barrel next year, oil economist Jan Stuart said at the same conference.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=akxRDhoNk_yQ

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