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Too soon to say commodity super cycle over: McKinsey

Posted on 26 September 2013

Too much emphasis has been placed on Chinese demand for historically strong prices of industrial metals and not enough on rising mining costs, the McKinsey Global Institute (MGI) said in a report on Thursday.
The institute, the research arm of consultancy McKinsey & Company, also said it was too soon to call an end to the so-called super-cycle of commodities that sent prices soaring after 2000. “Despite recent declines, on average commodity prices are still almost at their levels in 2008 when the global financial crisis began. Talk about the death of the super-cycle appears premature,” the report said………………………………………..Full Article: Source


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