Commodities demand to endure: BofA

Dec 11, 2012 | 04:47 PM | Samuel Frizell

Tags  Bank of America Merrill Lynch, Francisco Blanch, commodities outlook, oil and natural gas, platinum, copper, David Woo, Samuel Frizell

NEW YORK — Global demand for commodities likely will survive domestic and global threats such as the fiscal cliff and the euro crisis over the next two years, buoyed by global growth and a stronger Chinese economy, analysts said at the Bank of America Merrill Lynch Global Research 2013 Year Ahead news conference Tuesday.

"We’ve heard about the impending fiscal cliff. This could be a big risk to markets," said Francisco Blanch, head of global commodities and derivatives research at New York-based Bank of America Merrill Lynch. "(But) we expect global growth to be roughly 3.2 percent next year, and this will lend some support (to) commodity demand in general." ....

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