Metal prices set for ‘super-cycle,’ says Adriatic CEO; analysts see ‘bullish signs’

摘要

London—Metals are set for a new super-cycle, with prices to rise for the next four to five years on government post-pandemic stimulus, and silver set to be the star performer, Paul Cronin, CEO of base and precious metals mine developer Adriatic Metals told S&P Global Platts July 29. Analysts consulted on Adriatic’s statement were wary of the term “super-cycle” due to uncertainties on the speed of economic recovery from the COVID-19 pandemic, but saw signs of a strong upwards movement in commodities prices that could signal a trend. Mike McGlore, senior commodities strategist of Bloomberg Intelligence, said in a Ch AI webinar July 29 that he believed gold and precious metals could already be in a super-cycle but that a broader super-cycle would need to be based on organic demand and not purely government stimulus.