Commodity cycles: Stronger for longer?

Cycle price peaks are likely to be greater in magnitude than previous cycles, and of longer duration, as discussed by Andrew Smith, Martin Jones and Stewart Howe.

The outbreak of recent events between Ukraine and Russia have triggered price spikes in nickel, crude oil, LNG/gas, high quality iron ore pellets and grain commodities. Either country or both are significant global suppliers of those products. The prices of other commodities have been largely “unmoved” as their supply was unlikely to be disrupted or lost. For a year or more before current events, almost all mined commodities were priced well above their respective Investment Incentive Pric...

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Authors: Andrew Smith, Martin Jones

Published Date: 30 June 2022