The New Commodity Supercycle Is Already Here (Paulo Macro)

In this podcast episode, Paulo Macro discusses his perspectives on the current supercycle in commodities, contrasting it with the China-driven bull market of the 2000s. He highlights the shift from a demand-pull to a supply-constraint-driven market, emphasizing the importance of active commodity management. The conversation covers specific commodities like copper, uranium, and oil, including detailed analyses of market dynamics, supply vulnerabilities, and geopolitical influences. Paulo shares insights on potential investment strategies, M&A activities, and the impact of government policies, particularly those related to critical minerals and domestic production.