Frenetic trading and surging prices for natural resources – from copper and iron ore to soybeans and lumber – had markets abuzz with talk that the pandemic bounce-back might trigger another “supercycle" for global commodities . With governments pouring recovery funds into infrastructure and pollution-fighting green energy projects, there were signs of a multi-year commodities boom that could stoke global finance and fuel inflation. Such seismic events enrich countries and traders that control resources and have the power to shape the world’s commodity markets. In early 2021, prices for many commodities exploded and there were forecasts that they might keep soaring. Among bulls were analysts at JPMorgan Chase & Co., who predicted the commodities rally would amount to a “roaring 20s" post-pandemic economic recovery.

Source: Mint May 29, 2021 03:56 UTC