JPMorgan Says Commodity Supercycle Still Has a Decade Left

Commodity supercycle still has about a decade left, while the “mid-cycle pause” may last for 12 more months, according to JPMorgan Chase & Co.

“My view is that commodity supercycle has a decade left in it,” Michael Camacho, chief executive officer of commodities for Europe, Middle East and North Africa, told the FT Global Commodities Summit in Lausanne today. Marginal costs will increase for every commodity in the next 10 years, he said.

To contact the reporter on this story: Maria Kolesnikova in Lausanne at

To contact the editor responsible for this story: Maria Kolesnikova at

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