Business
JPMorgan forecasts commodities supercycle. Will ASX copper shares reap the benefits?
If JPMorgan’s analysts are right, the world is looking at a rare new supercycle in commodity prices. Prices have been on the rise for oil, metals and agriculture. And sustained high prices could last for years.
Over the past 100 years, there have been only 4 commodity supercycles. The last one started in 1996 and began to retreat during the fallout from the GFC in 2008.
Much of the credit for driving the last commodities supercycle went to a rapidly expanding, resource-hungry China at the time. But not this one.
As Bloomberg reports:
JP Morgan attributed the latest cycle to several drivers including a post-pandemic recovery, “ultra-loose” monetary and fiscal policies, a weak US dollar, stronger inflation and more aggressive…
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