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Death of commodities super-cycle? Not quite

Posted on 28 January 2013

The slowdown in the world’s largest economies last year, particularly in China, led to warnings that the end of the commodities super-cycle was near, as prices of key resources plummeted. However, a flood of government stimulus unveiled in recent months has reversed that trend, prompting one expert to say the commodities bull run that began in 2002 is here to stay.
“(The super cycle) is still intact. The combination of the economic recovery, especially with China powering ahead, and continuing support from central banks…It’s going to be a good year for commodities,” Eugen Weinberg, global head of commodities research at Commerzbank told CNBC, pointing to the Bank of Japan’s commitment to open-ended easing this week………………………………………..Full Article: Source


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VRS - who has written 38144 posts on Opalesque Commodities Briefing.


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