The boom in mineral markets: How long might it last? (Journal article)

Radetzki, M./ Eggert, R. G./ Lagos, G./ Lima, M./ Tilton, J. E.

The commodity price boom that emerged in 2004 has proved far more persevering than its predecessors of 1950 and 1973. Some analysts have suggested that it may represent the start of a "supercycle" caused by the voracious raw materials demand from China and other emerging economies, with prices remaining high for 20-30 years. We offer an alternative explanation. For a variety of reasons, the establishment of new capacity in minerals and energy to match the accelerated demand trends is more time consuming than commonly assumed, and may take a decade or longer. As soon as the new capacity is in place, however, the boom will be punctuated. Prices may collapse much earlier in the event of a severe recession that cuts the growth in commodity demand. (C) 2008 Elsevier Ltd. All rights reserved.
Institution and School/Department of submitter: Πανεπιστήμιο Ιωαννίνων. Σχολή Επιστημών Υγείας. Τμήμα Ιατρικής
URI: https://olympias.lib.uoi.gr/jspui/handle/123456789/24633
ISSN: 0301-4207
Link: <Go to ISI>://000261257000001
http://ac.els-cdn.com/S0301420708000482/1-s2.0-S0301420708000482-main.pdf?_tid=91021e06ff1f9a2fbee57e07724ed2af&acdnat=1332827729_1df8f4130fdb26c1f07f61e95b1d725b
Appears in Collections:Άρθρα σε επιστημονικά περιοδικά ( Ανοικτά)

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