| Miners' valuations have plunged, China is slowing and commodity prices have all moved off highs. Is the end of the commodities “supercycle” nigh? Wiktor Bielski, global head of commodities research at VTB Capital doesn’t think so.
“The commodity supercycle is taking an extended siesta but we think it still has a long way to go,” Mr Bielski says. “We believe there is a mistaken perception that the term supercycle implies an unbroken period of strongly rising prices, while the more correct definition is a long period of rising prices in real terms, but which can be periodically broken by often-extended corrections.”..............................................Full Article: Source
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