Supercharged Commodity Boom: Definitely. Supercycle? Not Exactly

Bloomberg Quint | Feb 23, 2021 at 11:30 AM
  • A surge in commodity prices has Wall Street banks gearing up for the arrival of a new supercycle, but underlying dynamics suggest it isn’t going to be a repeat of the epic China-led boom at the start of this century.
  • If prices keep rising, there’s little incentive for the group — or its rivals in countries like the U.S. — to keep barrels on the sidelines.
  • And even those who are universally bullish on commodities could end up being right for now, even if it doesn’t turn out to be a supercycle.