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Many people are becoming more aware that the price of copper is climbing, and climbing on a daily basis. Copper is one of the most widely used metals in the world, and has been for many centuries. It is so versatile that its uses include telecommunications & electrical wiring, plumbing & tubing, cooking instruments, roofing & architecture as well as uses as compound salt in other applications. Copper is a non-toxic metal, unlike lead and mercury. Even in the copper industry, there are no known “occupational illnesses” reported from working with copper. Copper is not only good to work with, but very desirable.
As with all economics, pricing comes from supply and demand. As demand increases, how can the supply keep up? At many times, it just cannot or does not – not just because it cannot be mined & refined fast enough either. For example, Chile supplies 1/3 of the world’s supply of copper, but in August of year 2006, the Chilean copper miners went on strike. Strikes are neither uncommon nor limited to Chile or even South America. When one country or even major operation shuts down, the stocks that are available increase in price.
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