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Commodities Briefing - Categorized | Commentaries, Metals and Minerals

Will copper become the “new gold?”

Posted on 10 February 2010

Fom Marketoracle.co.uk: Peter Krauth writes: The Statue of Liberty is one of the most recognizable American icons in the world. And as she towers 305 feet above Ellis Island, what’s Lady Liberty wearing? Copper - 60,000 pounds of it.
Clearly, copper’s big in art. It’s also a key metal that keeps the world economy humming. Copper consumption has grown at an average annual rate of 4% since 1900. China and India - which some analysts describe as the combined market of “Chindia” - where one of every three human beings resides, needs loads of this element to meet its modernization requirements for electricity and infrastructure…………………………………Full Article: Source

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VRS - who has written 15160 posts on Opalesque Commodities Briefing.


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