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Copper update: Prosper as red metal becomes ‘new gold’

Posted on 14 November 2011

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 38958 posts on Opalesque Commodities Briefing.


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