Copper Prices Slip Below $3 Per Pound

Copper Prices Slip Below $3 Per Pound

“If an opportunity has a large amount of copper in it and you see prices dropping 10% as they have in the past couple weeks, that may influence some purchasing decisions especially if the project is not classified as an immediate need." - Greg Donato, Omni Cable

Wire and cable veterans are used to dramatic swings in copper prices, but the 8% decline in prices over the past few weeks to south of $3 per pound has the market on high alert.

That’s because much of the decline seems to be related to a decrease in demand for copper from China, which consumes 40% of the red metal. And what’s particularly perplexing with this pricing cycle is that economists and analysts are uncertain if China’s decrease in copper demand is related t

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