Copper basically follows the building industry ups and downs.
The good news for this is that there is a mining company who has taken steps to start mining in the copper country of the UP of Mich. That area has the largest deposits of float copper in the world. Some of it 95% pure copper.
If they can only figure out how to get it out of the ground.
There are claims that it was actually originally mines there thousands of years ago.
No, you’re wrong.
Metals and mining so far busted above and BELOW... that you create gaps. In a fair and honest world, you’d be right. But we are NOT a fair world.
How long can you live without breathing? About 70 seconds.
Your typical company cannot survive a downturn that lasts 5 years. 2? ok, 3 maybe? But this massive spike up then smash down, stay down, destroyed people, societies and firms.
Why? I wonder.... and I think hard core left wing politics plays part in this, because it’s an example of how the coal industry was destroyed here. It’s corruption....
Where, after a total full on bust....do you think the assets wind up being owned by?