Fluctuations in the price of copper have a direct impact on the value of an electrical distributor's inventory, and changing prices of other key materials such as steel, aluminum and zinc have their own effects on prices in the market.
Concern about the global economy’s near-term prospects, China in particular because it’s the largest consumer of copper and its growth since 2008 has been the key driver in recovery, suggest copper’s sluggish price supports its...
Electrical Wholesaling’s editors have been enjoying all the insight Copper Investing News has provided in recent months on the perplexing tale of the copper stockpiles in China, and how they are affecting copper pricing around the globe. In...
"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
Copper prices lost 7% in 2013 even as U.S. manufacturing rose 2.2% and builders broke ground on 18.7% more homes.
This Bloomberg report says construction accounts for about 40% of copper use, with a typical home containing about 439 pounds.