Title: 2000s commodities boom - Wikipedia
Headings: 2000s commodities boom
2000s commodities boom
Contents
Background of depressed prices
Boom
Food
Corn, wheat, rice, cocoa and Soya beans
Paper
Recycled paper
Fuel
Coal
Oil
Uranium
Precious metals
Gold
Silver
Platinum
Rhodium
Palladium
Rhenium
Other industrial metals
Aluminium
Nickel
Copper
Iron
Lead
Zinc
Neodymium
Other metals
Chemicals
Sulphuric acid
Non metals
Chlorine
Late-2000s economic fallout
The 2008 price glitch
Mine closures
Opinions on the commodities bubble
Aftermath
See also
Notes
References
Further reading
External links

Content: As this happened, Brent Crude surged to a new high of above $116.00 a barrel as supply disruptions and potential for more unrest in the Middle East and North Africa continued to worry investors. Thus the price of oil kept rising into the 2010s. The commodities supercycle peaked in 2011, "driven by a combination of strong demand from emerging nations and low supply growth". Prior to 2002, only 5 to 10 per cent of trading in the commodities market was attributable to investors. Since 2002 "30 per cent of trading is attributable to investors in the commodities market" which "has caused higher price volatility". The 2000s commodities boom is comparable to the commodity supercycles which accompanied post–World War II economic expansion and the Second Industrial Revolution in the second half of the 19th century and early 20th century. Contents
1 Background of depressed prices
2 Boom
2.1 Food
2.1.1 Corn, wheat, rice, cocoa and Soya beans
2.2 Paper
2.2.1 Recycled paper
2.3 Fuel
2.3.1 Coal
2.3.2 Oil
2.3.3 Uranium
2.4 Precious metals
2.4.1 Gold
2.4.2 Silver
2.4.3 Platinum
2.4.4 Rhodium
2.4.5 Palladium
2.4.6 Rhenium
2.5 Other industrial metals
2.5.1 Aluminium
2.5.2 Nickel
2.5.3 Copper
2.5.4 Iron
2.5.5 Lead
2.5.6 Zinc
2.5.7 Neodymium
2.5.8 Other metals
2.6 Chemicals
2.6.1 Sulphuric acid
2.7 Non metals
2.7.1 Chlorine
3 Late-2000s economic fallout
3.1 The 2008 price glitch
3.2 Mine closures
3.3 Opinions on the commodities bubble
4 Aftermath
5 See also
6 Notes
7 References
8 Further reading
9 External links
Background of depressed prices
The prices of raw materials were depressed and declining from, roughly, 1982 until 1998. From the mid-1980s to September 2003, the inflation-adjusted price of a barrel of crude oil on NYMEX was generally under $25/barrel. Since 1968 the price of gold has ranged widely, from a high of $850/oz ($27,300/kg) on 21 January 1980, to a low of $252.90/oz ($8,131/kg) on 21 June 1999 (London Gold Fixing). The analysis of this period is based on the work of Robert Solow and is rooted in macroeconomic theories of trade including the Mundell–Fleming model.