Big Miners at Odds Over Whether Worst Has Passed
The Wall Street Journal - 10/31/2016
The magnitude of the last rise in metals prices was greater than the boom years of U.S. industrialization or reconstruction of postwar Europe. Bilge Erten, assistant professor at U.S.-based Northeastern University’s economics department, said a more than tripling of metals prices in the 13 years through 2012 was at least double any of three prior supercycles—defined as lasting at least two decades. More commodities also rallied in unison than any time in recent memory.