Wikimedia Commons
Ewweb 1074 Copperwikimediacommons595
Ewweb 1074 Copperwikimediacommons595
Ewweb 1074 Copperwikimediacommons595
Ewweb 1074 Copperwikimediacommons595
Ewweb 1074 Copperwikimediacommons595

Copper Investing News: Don’t Expect a Massive Increase in 2015 Copper Prices

Dec. 31, 2014
When copper briefly plunged to under $2 per pound earlier this week it sent shudders through the copper market. The price is back up to around $2.89 per pound today, but the drop is just one more example of the wild and wacky price swings with the red metal. Check out what Copper Investing News sees for copper pricing in 2015.

When copper briefly plunged to under $2 per pound earlier this week it sent shudders through the copper market. The price is back up to around $2.89 per pound today, but the drop is just one more example of the wild and wacky price swings with the red metal.

Copper Investing News does a great job covering the copper game and in this Dec. 30 article, copper expert Stefan Ioannou of Hayward Securities says he expects prices to “moderate between $3 and $3.25 per pound for 2015.”

He also said:

"Even at $3 per pound copper, basically everyone in production is making money. Even the highest-cost copper producers are producing copper at $2.50, $2.60 per pound,” said Ioannou. “The copper price could arguably dip below $2.75 per pound, and you wouldn’t see a major impact on current demand fundamentals.”

Related

Image provided by Encore Wire
Ewweb 812 Encorewirecopperrod700
Ewweb 812 Encorewirecopperrod700
Ewweb 812 Encorewirecopperrod700
Ewweb 812 Encorewirecopperrod700
Ewweb 812 Encorewirecopperrod700