Commodity Supercycle

Dated events

1. Oct. 25, 2004 · US crude futures hit a record $55.67 a barrel, highest since trading began
   Crude oil prices climbed above $55 per barrel, a record at the time, driven by fast-growing demand from China and years of too little spending on new oil wells. Buyers around the world worried that there simply wasn't enough oil being pumped to keep up with how much the world needed. This kicked off a long stretch where energy prices kept climbing higher year after year.
2. May 11, 2006 · Copper hits a record of about $8,600 a tonne on the London Metal Exchange
   Copper prices reached an all-time high as China's massive construction and factory expansion used up metal faster than mines could produce it. Manufacturers and builders worried that key raw materials were running out of available supply, pushing prices of many metals sharply higher at the same time. The metals boom continued for two more years as new mines took a long time to open.
3. Sept. 12, 2007 · USDA projects world wheat stocks at a 30-year low as drought cuts harvests
   Wheat prices jumped to levels not seen in over a decade after droughts in Australia and poor harvests in several countries shrank the world's grain stockpiles. Governments and food companies feared that basic food supplies were too tight, and some countries began restricting grain exports to protect their own people. Food prices kept rising into 2008, contributing to protests and unrest in poorer nations.
4. March 13, 2008 · Gold trades above $1,000 an ounce for the first time
   Gold crossed $1,000 per ounce as investors looked for something solid to hold onto while the U.S. dollar weakened and raw material prices kept climbing. People were nervous that years of rising commodity costs were making everything more expensive, and gold was seen as a traditional store of value during uncertain times.
5. July 3, 2008 · US oil price hits its all-time daily high of about $145 a barrel
   Crude oil reached its all-time high, capping a five-year run-up fueled by booming demand from China and India combined with limited new supply from oil-producing countries. The extreme cost of energy raised fears that ordinary families and businesses could no longer afford fuel, which would slow down the entire global economy. Within months, a worldwide economic downturn crushed demand and oil prices collapsed, ending the commodity supercycle.

Assets named in this scenario · 11

Anglo AmericanBASFCopper · Copper FuturesOil · Crude Oil (WTI) FuturesGlencoreGold · Gold FuturesiShares MSCI Emerging Markets ETFPalladium · Palladium FuturesPlatinum · Platinum FuturesRio TintoSilver · Silver Futures

Recently triggered by news

Oct. 21, 2026Oct. 17, 2026Oct. 7, 2026Oct. 5, 2026