The Financial Times published an article about the significant rise in commodity quotations since the beginning of the year, which renewed talk of the beginning of a commodity supercycle.
Strong demand from China, government post-pandemic spending and a green economy are cited as the main drivers of growth.
So palladium, which is used in the engineering industry to reduce emissions, has been hitting records in recent weeks. Key agricultural commodities are also skyrocketing, with corn exceeding $ 7 a bushel for the first time in 8 years. Copper breaks 10-year records, and beans are 8-year olds. The S&P GSCI, which tracks the prices of 24 raw materials, has grown by 24% since the beginning of the year
FT article: Broad commodities price boom amplifies ‘supercycle’ talk | Financial Times (ft.com)