David Fuller's view Note in particular slide 7 showing the rise in China's imports of uranium since 2006, which have exploded in 2010. Following China's significant export reduction in rare earth metals earlier this year, Fullermoney has maintained that every other exporter of commodities would take note, as would importers of these materials.

Suppliers of strategic resources understandably want high prices for their commodities. Now that the global economy is increasingly back on track, commodity exporters know they are more likely to increase revenue if supply shortage concerns are in the market.

The era of 'just in time' inventory management is largely over. That is, until higher interest rates eventually increase financing costs. Industrial consumers are increasingly likely to follow China's lead and stockpile commodities which they require. Most multinational corporations have the cash to do this and borrowing costs remain low.

Investors are increasingly aware of this situation and speculation in commodities is back in fashion, as we have seen from the price trends.

China has proved to be very adept at playing the commodity game. Whether uranium, copper, corn or any other commodity, they will not just buy what they require. They will buy more, and when other consumers and speculators riding on their coattails drive prices too high, China will sell some of their large inventories, helping to finance the required purchases.