Ah, What a Relief It Is... Copper Market Starts Comeback
The price of copper appears to be "returning from the dead," thanks largely to the closure of significant more costly production units un the US, Mexico, and Canada, and the strike at Kidd Creek. Copper prices last summer jumped to 77.80 cents per pound, up 27% from the year's low of 61.1 cents per pound.
The copper price improvement also reflects less metal available from the Eastern Bloc, i.e. FSU countries, and lower scrap availabilities.