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Boom and bust: What impact has Covid-19 had on commodities cycle? Taking a close eye on the mining sector Matthew Read of Quoted Data Matthew Re History shows that commodity cycles tend to be long. Back in the summer of 2019, Robert Siddles, the then-manager of what is now Brown Advisory US Smaller Companies, joked with me that commodity cycles tend to have ten up years, then 18 down years, so, with the last up cycle starting in the early 2000s, he planned to start looking at them again in 2027.  In reality, the pandemic appears to have moved this date forward. But why do commodity markets have such elongated booms and busts? And where are we today? 

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