What Could Drive the Next Commodity Supercycle?

“Demand is structural. Supply constraints are structural.”

That combination sits at the core of Portfolio Manager Ben Cleary‘s long-term outlook for commodity markets.

In his latest interview with 180 Markets, Ben explores why two powerful structural themes—rising global defence spending and the rapid expansion of AI infrastructure—are reshaping demand for critical commodities, while years of underinvestment and permitting challenges continue to constrain supply.

The conversation also covers:
• Why active stock selection remains critical in today’s market
• How Tribeca approaches commodity investing through a macro and bottom-up lens
• Why Ben believes opportunities are increasingly emerging beyond the large-cap producers

If you’re interested in the long-term outlook for commodities and the investment opportunities that may arise from these structural trends, it’s well worth a watch.

Watch the full interview below.

🌍 Investing in the Next Commodity Supercycle ⛏️ | Ben Cleary from Tribeca Investment Partners