It’s been a decade since the last commodity market boom, triggered by China’s emergence as a global economic powerhouse, finally ran out of steam.
But a wide-ranging rally that has propelled the price of key raw materials including copper, lumber and iron ore to all-time highs and also boosted agricultural commodities is fuelling expectations that a new commodities “supercycle” has arrived.
But what is a commodity price supercycle and what makes it different from short term boom and bust business cycles?
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