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: 2000s commodities boom - Wikipedia
2000s commodities boom
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The 2000s commodities boom or the commodities super cycle was the rise of many physical commodity prices (such as those of food, oil, metals, chemicals, fuels and the like) during the early 21st century (2000–2014), following the Great Commodities Depression of the 1980s and 1990s. The boom was largely due to the rising demand from emerging markets such as the BRIC countries, particularly China during the period from 1992 to 2013, as well as the result of concerns over long-term supply availability. There was a sharp down-turn in prices during 2008 and early 2009 as a result of the credit crunch and sovereign debt crisis, but prices began to rise as demand recovered from late 2009 to mid-2010. Oil began to slip downwards after mid-2010, but peaked at $101.80 on 30 and 31 January 2011, as the Egyptian revolution of 2011 broke out, leading to concerns over both the safe use of the Suez Canal and overall security in Arabia itself. On 3 March, Libya's National Oil Corp said that output had halved due to the departure of foreign workers. 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".