You haven't got any historical perspective. Food and commodity prices have been falling continually since Roman times. Any price spikes are merely a temporary spike in a perpetual decline.
Back in the late 70s BHP was selling coking coal and iron ore at a loss. They had long term contracts and no choice but to keep producing.
One of my mates has been a geologist for nearly 60 years. He tells me that their is massive oversupply of every single commodity. This surplus will continue for decades.
The iron mines in the Pilbara and the copper mines in the Andes will be plugging away for centuries.
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