| There have been rough times in the commodity markets, but copper has been hit especially hard. From an early-2011 peak that approached $10,000 per metric ton, copper lost nearly 30% of its value in mid-2011, and after a brief recovery, has slowly dropped to its current price ($2.534 per pound or $5,575 per metric ton as of this writing).
That is the lowest price since the massive 2008 slump that saw prices rapidly drop below $1.50 per pound. Has the copper price bottomed out, and is it time to buy? That is not a simple call. Copper prices are far more difficult to predict now. Copper stocks have come into increasing use as a financial tool because of its relative liquidity, thus the demand is split into two components – those who are using it solely as a financial vehicle and others who are using it for manufacturing purposes...............................................Full Article: Source
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