Copper Prices on the rise again

We haven’t spoken about copper prices for a while. For a while there, they were going (slightly) down each week. Now the trend has reversed itself …

Copper prices in New York rose to a five-week high as U.S. inventories declined, renewing speculation that demand will exceed supply for the metal used in cars, homes and appliances.

Now, as I understand the article, this was at least partly due to funds buying futures as opposed to “real” demand, i.e. consumption, but the net effect on price for stampers is the same.

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