Engineering101
Well-Known Member
I figured copper prices must be sky high what with the crazy brass prices - if you can find any. Here is a blurb I found:
"There have been rough times in the commodity markets, but copper has been hit especially hard. From an early-2011 peak that approached $10,000 per metric ton, copper lost nearly 30% of its value in mid-2011, and after a brief recovery, has slowly dropped to its current price ($2.534 per pound or $5,575 per metric ton as of this writing). That is the lowest price since the massive 2008 slump that saw prices rapidly drop below $1.50 per pound."
Somebody is getting rich. I just haven't figured out who. Any ideas?
"There have been rough times in the commodity markets, but copper has been hit especially hard. From an early-2011 peak that approached $10,000 per metric ton, copper lost nearly 30% of its value in mid-2011, and after a brief recovery, has slowly dropped to its current price ($2.534 per pound or $5,575 per metric ton as of this writing). That is the lowest price since the massive 2008 slump that saw prices rapidly drop below $1.50 per pound."
Somebody is getting rich. I just haven't figured out who. Any ideas?