Since the end of the 19th century, the global commodities market has experienced three long-term contractions and four expansions, and we are now going through the fourth expansion period. After World Wars I and II and the 1970s oil shock, commodity prices soared due to decreased energy supplies. However, the current super-cycle, which has lasted more than a decade, can be attributed to increased demand. At the center of this trend lies China.
1. Strong Demand for Global Commodities: Energy Revolution May Lead to Global Political and conomic Changes (Shim, Sang-hyung)
2. Gold Prices to Fall in the Short Term, Industrial Material Prices to Rise:“Super-Cycle Will Persist in the Long Term Given Global Demand” (Choi, Seok-won)
3. “Shale Gas Revolution” in the U.S. Causes a Paradigm Shift (Joo, Young-keun)
4. Indonesia Emerges as the “Saudi Arabia of Nickel”: Increased Supply Brings Stability after Extreme Fluctuations (Park, Chan-wook)
5. Growing Concerns Due to Increased Demand, Climate Change, and Speculation:Grain Prices to Stabilize at Low Levels in First Half of 2014 (Han, Suk-ho)
- Source: Cover Story, Chindia Plus Quarterly Winter 2013 VOL.13