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Hot iron

It’s been the best part of a decade since anyone mentioned the commodities super-cycle, except in a derogatory sense, so when one of Australia’s biggest banks used the expression in an economic report published earlier today it raised eyebrows.

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Westpac, the country's oldest bank, resurrected the super-cycle term in a report titled "Mining opportunities amid global uncertainties" which said Australia was well placed to benefit from a new wave