Copper Price Surge Pauses
Abstract:
The recent economic news about copper is mixed, suggesting that the current high price is neither set to jump abruptly higher in the next few months nor fall significantly. Over $4.00/lbs in April, copper now sells in the $3.70-3.80/lbs range and is expected to stay in the $3.50-4.00/lbs range into the fall. This price level is not fully incorporated yet in prices for wire, pipe and fixtures.
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The recent economic news about copper is mixed, suggesting that the current high price is neither set to jump abruptly higher in the next few months nor fall significantly. Over $4.00/lbs in April, copper now sells in the $3.70-3.80/lbs range and is expected to stay in the $3.50-4.00/lbs range into the fall. This price level is not fully incorporated yet in prices for wire, pipe and fixtures.