EDITORIAL ·
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Expectations of commodities supercycle could be misplaced

EASY-MONEY policies and a rebound in global activity as the Covid-19 vaccine coverage widens have led commodities from crude oil and gold to silver, copper and iron ore to rally this year, with pundits expecting more "wind in the sails" amid a rosy pent-up demand outlook.

On the back of robust demand - particularly from China, the world's biggest buyer of commodities - coupled with supply woes (as a result of mining disruptions and supply chain disruptions), a wide range of commodities have recouped...

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