Business
Boom times: We may be having another commodity supercycle – Sydney Morning Herald
One could easily think we’re in the middle of the kind of commodities supercycle last seen in the China-driven boom in the aftermath of the global financial crisis….
Underlying the shorter term influences was the accelerating shift towards greener economies that would underpin demand for copper – where supply has been constrained by the dearth of large new resources and the increasing costs of exploiting existing reserves – along with demand for the nickel, cobalt and lithium needed for the surge in demand for batteries.
Some of the supply-demand pressures in the markets for some commodities will wash out as (hopefully) the economic recovery from the pandemic…
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