BRIC demand key driver for commodities

clock •

Strong commodity demand from BRIC countries is pushing the natural resources sector forwards, according to BlackRock.

Evy Hambro, manager of the BlackRock World Mining fund, highlights research from resources company BHP Billiton which estimates steady base metal consumption growth in BRIC countries to 2050. BHP Billiton predicts BRIC aluminium consumption to grow to 136% of the world’s 398% consumption; a rise from 11.6% last year. Data from resources company Rio Tinto shows China’s demand for base metals has grown significantly over the last decade. Its iron ore market share has risen from about 12% of total world demand in 1996 to 45% last year. Copper demand has risen from around 11% in 1996 to 23%...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Darius McDermott: Asia's broadening investment story

Darius McDermott: Asia's broadening investment story

Fund managers have a dilemma

Darius McDermott
clock 21 October 2026 • 5 min read
China's historic move away from coal shows why investors need to keep digging

China's historic move away from coal shows why investors need to keep digging

'A key challenge for investors is to identify the pockets of genuine innovation'

Xin-Yao Ng
clock 19 October 2026 • 4 min read
Investors yet to stuff ISA allowances as government plays down spectacle despite 'tough' Budget

Investors yet to stuff ISA allowances as government plays down spectacle despite 'tough' Budget

Platform activity stable

Jack Roach
clock 19 October 2026 • 4 min read