Commodities steadier after upbeat IMF assessment | FT

Commodity prices were steadier on Thursday after the International Monetary Fund raised its 2007 forecast for global economic growth to 4.9 per cent from 4.7 per cent previously. The IMF also provided an upbeat assessment for the outlook for non-energy commodity prices in its twice yearly update on the global economy.

The IMF is forecasting 10 per cent growth in China this year with its rapid industrial expansion expected to contribute about half of future demand growth for aluminium and copper.....

....the IMF which also said there was little evidence that speculative investments were a significant driver of price movements......

http://www.ft.com/cms/s/87448c54-43d8-11db-8965-0000779e2340.html

http://www.imf.org/external/pubs/ft/weo/2006/02/index.htm