Создано выпускниками Колумбийского университета в Сан-Франциско
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Создано выпускниками Колумбийского университета в Сан-Франциско

**Lena:** Miles, I've been hearing this term "commodities supercycle" everywhere lately, and honestly, I'm trying to figure out if this is just market hype or if we're actually sitting on a massive investment opportunity. What's your take?
**Miles:** You know, Lena, I think we're looking at something really significant here. The data suggests we might actually be in the early stages of a new supercycle that started around 2020. And here's what's fascinating - according to Bank of Canada research, these cycles typically last about 30 years on average, with distinct bull and bear phases.
**Lena:** Thirty years? That's like... a generation-long investment theme. But what makes this one different from just regular market cycles?
**Miles:** Exactly! What's compelling is that this isn't just about one commodity - we're seeing structural changes across energy transition materials like copper and lithium, plus massive supply constraints from chronic underinvestment during the 2010s bear market. The fundamentals are pointing toward sustained higher prices, not just a temporary spike.
**Lena:** So we're talking about a fundamental shift in how these markets work. Let's break down what exactly defines a supercycle and why the timing matters so much for investors right now.