mtpolitics.net

Red metal zooms higher

Refined copper prices have ZOOMED, quintupling in less than 3 years, to new life-of-market prices over $4.00/lb.

Strong demand from the usual culprits (China & India) as well as demand from several South American countries has bid up the price for the physical commodity, surprising even many in the speculative community.

Expect to hear reports that copper piping and copper transmission lines are ‘missing’ as there is now tremendous economic incentive to grab copper piping and copper transmission lines for involuntary ‘recycling’.