``... "despite recent falls, commodity prices are still near their levels of early to mid-2008, just before the global financial crisis hit," said analysts at McKinsey & Company, in a recent research note. "At a time when the world economy remains below full power, this phenomenon is striking and a sign that the supercycle is alive and well," they said, noting that the supercycle refers to the period of sharp price rises and heightened volatility since the turn of the century.''

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