''China’s impact on commodity prices''

From 'This is Africa'

''Since 2002, global commodity prices have boomed with major implications for Africa’s resource-rich economies. Over the past century there have only been two other periods of such widespread commodity price increases – in the early 1950s and the early 1970s.

But these were short-lived, each of two to three years duration. Despite the sharp but temporary fall in commodity prices after the 2008 financial crisis, it is evident that the world is experiencing a commodity price supercycle, already lasting a decade. This has major implications for commodity producers and users and, because of the indirect contribution of commodities to the costs of production in most goods and services, for virtually all sectors in virtually all economies.''

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