Prices for many commodities have shot to levels unseen in several decades, if not record highs in 2005, as this relatively forgotten asset class attracted new inflows of fund money.
''The signs are that more and more funds of all types will be adding a new or increased stake in commodities to their portfolios,'' LME trader Triland Metals said.
A major factor driving industrial metals to new peaks has been robust consumption from Asia, specifically China, whose offtake now accounts for nearly a quarter of world demand
( from Kenway's source, above).