User:Bffiore4/Commodities

Description
Commodity Super Cycles are periods of times, around a decade where commodities as a whole trade at a price that is greater than their long term #Moving average. A Super Cycle will usually occur when there is large industrial and commercial change in a country or world that requires more resources to support the change. As prices rise goods and services that rely on commodities rise with them.

History of Super cycles
There have been four super cycles over the last 120 years worldwide. The first commodity super cycle started in late 1890 and was accelerated on the back of widespread U.S. industrialization and World War 1. In 1917 commodity prices peaked and then entered a downtrend to the 1930's. As war erupted in Europe in the late 1930's and eventually including the U.S. the world saw a new cycle begin. Countries were not just preparing for war but also the #Aftermath of World War II as lots of Europe and Asia faced heavy rebuilding. This cycle eventually peaked in 1951 and faded away in the early 70's. In the 1970's as world economies grew they needed more materials and energy to support expansion leading to increases in prices across the board. This boom came to an end as foreign investments fled as extractive industries became nationalized. The most recent of commodity super cycles began in 2000 as China joined the #World Trade Organization. China was also in the beginning of their boom as industry and expansion took off. Workers moved into cities as emerging industries took off and offered a lots of new jobs and oppurtunities. In 2008 when the #Great Recession hit it put a halt onto the supercycle as GDP's across the world tanked leaving many economies in recessions.

Beginning of a fifth
As many Asian countries have become technological hotspots over the last few years and the demand for clean energy and electric vehicles is growing the need for #Rare-earth element's is becoming apparent.