Re: [TCML] What's up with Copper Prices?

[Yurtle Turtle <yurtle_t@xxxxxxxxx>]

It has drastically affected scrap prices in steel, copper, and aluminum, to the point that recyclers are looking for government help (bailout). It has also made it through the system to new cable pricing, at least in the size we deal with at work. I suspect that for the small sizes of small gauge wire we deal with may take a little longer, as the stock moves more slowly. Bottom line, there is a glut of scrap and a severe drop in demand, so prices will have to fall, though they will do so grudgingly.

Adam

--- On Tue, 12/9/08, G Hunter <dogbrain_39560@xxxxxxxxx> wrote:

> From: G Hunter <dogbrain_39560@xxxxxxxxx>
> Subject: [TCML] What's up with Copper Prices?
> To: tesla@xxxxxxxxxx
> Date: Tuesday, December 9, 2008, 5:46 PM
> I visited a London-based financial news site.  It said
> copper prices have collapsed worldwide.  It's gotten so
> bad that copper miners are being laid off in droves.  Mines
> are being mothballed due to reduced demand and low prices. 
> So how come this hasn't filtered down to our hobby? 
> Copper magnet wire, THHN hookup wire, copper strap, ribbon,
> and braid, and copper tubing is still sky high.  When will
> us starving hobbyist see rational copper prices?  If anyone
> is in the metals or scrap/salvage trades, electrical trade,
> or dabbles in commodities trading, please share any insider
> knowledge.  Impoverished coilers want to know!  This is only
> tangetially on-topic, so I'll take any replies off-list.
> 
> Seasons Greetings!
> 
> Gregory R. Hunter
> 
> 
>       
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