At the onset of the COVID-19 pandemic, commodities prices plunged as markets discounted a historical recession. Then, the positive evolution of the industrial sector during lockdowns and the rapid Chinese rebound pushed the prices of commodities including copper and lumber to all-time highs. Now, the question is whether these increases will be sustained over time, with the subsequent long-term adverse impacts on the economy, or whether it is just the result of transitory, pandemic-related events. In order to answer this question, we must first reflect on the following: