The world is likely to have entered its fifth “commodity supercycle” since the start of the 20th century, according to high-profile US JPMorgan strategist Marko Kolanovic, with economic conditions and policy expected to drive a sustained upswing for natural resources.

While reporting season has already began to reveal a surge in earnings among miners in iron ore and gold from commodity market tailwinds, results from BHP, Rio Tinto and Fortescue Metals Group due next week will underline Australia’s exposure to the resources demand from the crisis policy settings introduced last year.