Follow gold, silver and even palladium.
know nothing about copper.
any experts out there have any input?
We’re all adults here and at the end of the day need to do our own DD.
But some insight would help :)
Great, price of ammo going to go up again...
THERE IS LOTS OF COPPER NEXT TO/UNDER SHAFT NUMBER #10 OF BISBEE
US is 8% of world copper market, in a good year. Has to be more to the story than the US. BHP and Rio Tonto both put the global market in deficit by 2020, but Caterpillar says tough sledding in the near term. Too many other deflationary forces intact at the moment for me (discounting by autos, stalling housing starts, iron ore price, etc.). But we’ll see. After the disagreement on value there is a consensus on price.
I’m in the sheet metal business. The price of copper doesn’t affect me as much as it used to. We now primarily work in aluminum, which is much cheaper.
Even so, our main supplier has recently been forced to raise their prices by 6%. The market in my field is so competitive, we’re not sure if we’ll be able to pass that increased cost on to our customers, or whether we’re going to be forced to eat it.
The decline in Copper prices has not stopped the scrappers from destroying vacant homes around here.
Every wind generator is full of copper.
With the Production Tax Credit, that industry is at full bore.
Swing trading FCX has been better than working, for the last 6 months.
Soaring?