Commodity Prices Still Expected to Rise on Demand Growth

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George Cheveley, portfolio manager of Investec Asset Management's commodity investment team, said commodity prices will also continue to move upwards over the longer term as high average rates of demand growth is expected over the next 15 years.

Commodity prices will continue to climb in both the short and longer term as demand continues to grow on the back of development in Asia and infrastructure spending in the first world, says Investec Asset Management.

Short term commodity demand growth will remain stronger than expected because development in Asia and general infrastructure spend will remain high, even if consumer spending did slow down in the US, said George Cheveley, portfolio manager of Investec Asset Management's commodity investment team today.

Cheveley said commodity prices will also continue to move upwards over the longer term as high average rates of demand growth is expected over the next 15 years.

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