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Copper is cheap to produce again.
I wonder when our electric bills will return to 2008 prices, when gas and Oil was last at these levels? We've raised incrimentally to accomodate as much as $4.50 a gallon gas prices. But they sure are taking their sweet ass time giving us back the savings.
I would think that there is a lot of copper recycling going on. Probably more than ever. Imagine all the copper windings in those SALAD SHOOTERS.
Copper Plunges to Price Seen February 2006; Copper vs. Gold
http://globaleconomicanalysis.blogspot.com/2015/01/copper-plunges-to-price-seen-february.html
Mish