Wall Street is now predicting a new bull market in commodities that will rival the oil price surges of the 1970s or the 2000s boom fueled by the rise of China. Market experts, including Goldman Sachs, believe the commodity boom could rival the latest "supercycle" of the early 2000s that propelled the emerging BRIC economies (Brazil, Russia, India and China).
These expectations are supported by the fact that most commodity prices have historically been seasonal and cyclical.
The Bloomberg Commodity Index is up 11% YTD and nearly 40% over the past 52 weeks.
And three commodity favorites that are expected to jump in prices in the coming years:
- oil
- copper
- lithium.
For Russia, this means a return to a stable growth zone, albeit a small one - from 1.5 to 2.5%. We have already seen that oil prices, even at $ 100 per barrel, can no longer accelerate the Russian economy above these values. And at the same time - the conservation of the existing economic model in Russia.