The rebound in commodity prices augurs well for the outlook for the global economy, but it is its strength that is causing resource analysts to ask whether the world is entering a new “super cycle” in the demand for and pricing of commodities.
That is conceivable, although any economic forecast at present carries an asterisk related to the course of the pandemic and the effectiveness of efforts to contain it and, as the vaccines are distributed, eventually bring it under control.
The key…
