Business
Commodity supercycle or short-term squeeze? – The Australian Financial Review
The bulls are proclaiming we’re in the early stage of a new commodity supercycle, but more cautious observers warn the run-up in commodity prices reflect temporary…
Commodity bulls point out that the supply of many commodities is restricted, because mining companies have cut back sharply on capital spending.
This could set the stage for strong price rises as governments increasingly embrace fiscal stimulus to boost demand, which leads to higher commodity consumption.
Whats more, they note that the type of green investment that US President Joe Biden is championing such as in the renewable energy sector is commodity intensive.
At the same time, the US Federal…
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