The Copper Conundrum: Crazy price swings continue to vex wire companies and analysts

The Copper Conundrum: Crazy price swings continue to vex wire companies and analysts

"If you own it you fear $2.50. If you have a project and have not bought yet (there is a lot of that!) I suppose you are rooting for $2.50 (or below). Myself, I just want stability.” Ed Harvey, William. B. Bleiman and Sons

Many people won’t bend over to pick up a penny in the street. But when the price of copper moves up or down by a penny, it catches the attention of an awful lot of folks in the electrical wholesaling industry.

That’s because a tiny price change of a few pennies per pound is enough to impact the value of a warehouse loaded with tons of copper wire. And when copper prices drop 10%, as they did earlier this year, it sets off alarm bells in the offices of electrical distributors, ma

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