Commodities Series

As China joined the World Trade Organization in 2000, its rapid industrialisation and huge spending on infrastructure propelled the last commodities super cycle. Commodity prices have since peaked in 2011. After a long fallow period, companies cut back on investment massively. But today, alongside pandemic-related supply chain disruptions, geopolitical tensions and also the transition towards a low-carbon economy, we have seen a broad surge in commodity prices.

Just over 24 months ago, the price of oil suffered a historic plunge because of the Pandemic, but today we are seeing booming demand for oil, agriculture products, chemicals and industrial metals such as copper – with little immediate sign of this demand slowing.

Is this the beginning of a new commodities super cycle or a temporary cyclical upswing? The new Commodities Series will analyse a broad range of commodities including precious metals, industrial metals, energy and agriculture.

We hope these sessions will reveal the real drivers of the supply and demand relationship behind the scene.
We look forward to seeing you at our events.

Hanyu Liang, CFA 
Volunteer
CFA Society Sydney Professional Learning Committee