The price of commodities<\/strong>, such as energy<\/strong> and metals<\/strong>, have reached record highs in recent weeks despite the ongoing spread of Covid-19<\/strong> and are expected to climb further as countries embark<\/strong> on plans for a green economic recovery.<\/strong><\/p>\n \u201cCovid is already ushering in\u00a0a new era of policies<\/strong>\u00a0aimed at social need instead of financial stability,\u201d the US bank said. \u201cThis will likely create cyclically stronger<\/strong>, more commodity-intensive economic growth.<\/strong>\u201d<\/p>\n Chris Midgeley, the head of analytics at S&P Global Platts<\/strong>, said \u201can unusual confluence\u201d<\/strong> of global events had ignited a surge in commodity markets in recent months<\/strong>, but the trend was largely driven<\/strong> by growth in China.<\/p>\n Iron ore prices climbed to $176.90<\/strong> a tonne shortly before Christmas<\/strong>, the highest since May 2011<\/strong>, and the market price for copper topped $8,000<\/strong> a tonne for the first time<\/strong> in more than seven years<\/strong>. Global oil prices have climbed to 11-month<\/strong> highs of $55<\/strong> a barrel\u00a0with help from the Opec oil cartel.<\/strong><\/p>\n![\"\"](\"https:\/\/www.enerjigazetesi.ist\/wp-content\/uploads\/2021\/01\/yesil-ekonomi-planlari-emtialar-ve-yukselen-madenler.jpg\")
Market experts, including US bank Goldman Sachs<\/strong>, believe the boom could echo the last \u201csupercycle\u201d in the early 2000s led<\/strong> by the sharp growth of emerging\u00a0BRIC economies\u00a0<\/strong><\/a>(Brazil, Russia, India and China).<\/p>\n