"The term Doctor Copper is market lingo for this base metal that is reputed to have a 'Ph.D. in economics' because of its ability to predict turning points in the global economy. Because of copper's widespread applications in most sectors of the economy—from homes and factories to electronics and power generation and transmission—demand for copper is often viewed as a reliable leading indicator of economic health. This demand is reflected in the market price of copper."
In addition to traditional applications, the article points out to the surge in demand for electricity from data centers needed for AI. (We now have multi-million square feet data centers from Oregon to Virginia: their demand for kilowatts is why we're seeing utility stocks outperfoming the broad market by 50% over the past year.)
This just in: Copper thefts are about to hit an all-time high, and the criminals won’t be punished.
Save those old pennies.
EV Chargers hardest hit..................
meet me at the tesla charging station boys, and bring your snips.
All those pennies before 1980...
The pension funds are going all in on BTC.
Uranium stocks should tick up. Hillary sold how much to Russia?
Copper is rising due to the impact of inflation on commodity prices it isn’t being driven by demand.
This statement: “In addition, China’s economy is improving...” is incorrect. Their stock market has improved in price (also mainly due to inflation of asset prices) but their employment rate, real estate, and overall business activity is still in the crapper.
LP - get a load of this...smh
Dollar falls to 0.2lb of copper.
I dunno..Silver and Gold seem to be a better way to go.
Jacketed Hollow Points about to skyrocket.
Copper mines played a significant role in Atlas Shrugged. Francisco d’Anconia destroyed his copper mines to prevent the looters from taking them.
The old pure copper pennies now have 3 cents worth of copper in them.
Pre-1982 penny is now worth three cents.
My old copper pennies may one day be worth more than their numismatic value
if I remember correctly, most of the mined silver is a byproduct of copper mining
I wish I could post a pic of my copper stash. It gives me great joy tossing more scrap pipe on the pile.
And Andrew Jackson went apoplectic when he learned bacon had gone up to 2¢ a pound.