As the buying power of our dollar continues to erode, the price of everything should go up. With people keeping vehicles longer, it also means a decrease of inventory of scrap going to the market. Lot of talk of copper being one of the commodities used to back the BRICS currency being created.
@jillphillips8117Ай бұрын
It all depends if any more wars break out.
@gussuperman7565Ай бұрын
Hoppy Hoppy 4th to you , your family , your loved ones , and everybody that you are around today Thom. God bless y'all
@josephjr5079Ай бұрын
Tri state iron when copper want up to 500 there up to 280 what with that!!!!!
@spoodoc7272Ай бұрын
What about UBCs (cans)?
@spoodoc7272Ай бұрын
Major hurricanes, floods
@spoodoc7272Ай бұрын
Steel 105.00 ton mattoon illinois
@chuckanderson3418Ай бұрын
I've heard that they want to reset the price of copper lower.around the two dollar level.
@garrettmillard525Ай бұрын
That's barely above the most essential costs of production. No shot. This major fluctuation is simply a result of China dumping reserves into the market. Which is very smart and profitable for them but can not cause such a dramatic change to pricing in the face of unrelenting demand.
@silver_salvage_savageАй бұрын
Normally, I'd agree that there would be a correction but $2 is a little low if energy prices and inflation remain high. I'd be surprised if copper dips below $4 anytime soon.