Indiana Grain Company, LLC

Posted: 10/27/11

By: tomgrisafi

According to a report from Reuters late Thursday, BlackRock Inc. says that it expects "a swift recovery in demand for commodities in China once Beijing loosens its reins on borrowing."

"As China takes its foot off the brake in the near future, we should see a recovery in demand from the world's largest consumer of commodities, as markets there are pretty tight," BlackRock's investment chief for natural resources Evy Hambro tells Reuters in the report.

"In China, sentiment is being boosted by expectations that Beijing will begin loosening monetary policy in the fourth quarter as economic growth slows, while hopes are running high that inflation has peaked," the report reads.

According to information shared by Reuters, as of March 31, 2011, BlackRock held $3.65 trillion in assets under management, according to its web site. The resources division manages $36 billion of mining stocks and owns 5.7 percent of BHP Billiton's (BHP.AX) (BLT.L) Australian shares and 10.1 percent of its London-listed shares.

Hambro said his top commodities picks were iron ore, coal and copper, with aluminum least favored.

Source: Reuters

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