Economy
April 30, 2021
CRU: Beware the Bubble – This is Not Yet a Commodity Supercycle
Written by Jumana Saleheen
By CRU Chief Economist Jumana Saleheen and CRU Head of Fertilizers Chris Lawson, from CRU’s Steel Monitor
Commodity prices have continued an upwards tear in 2021. Steel and its raw materials have seen the sharpest gains, but less well-known commodities such as fertilizers are also attracting attention. With such steep price rises, calls for a new commodity supercycle are inevitable. Analysts backing a new supercycle are citing support from government stimulus packages, perceived underinvestment in commodity supply and a transition to a brave new “clean and green” world.
