“Other than copper getting hit over the head with a near 31,000 metric tonne increase in warehouse stocks last week, prompting a 10 cent pullback in prices, most other metals were higher. Kind of odd given the worries of the world, Eh?
“More metal prices -- notably tin and nickel are looking like little sprout -- just beginning to poke their heads above ground like flowers in the Spring, and the S&P 500 closed at 2,130, matching its high close from May of last year.
“More importantly though, while it was noted a week or two ago, it’s worth reiterating here, that markets have been rising nicely/sharply/or wobbly from their lows earlier this year, and now appear to be traveling on a northeasterly trajectory.”
Interested in more detailed analysis of pricing trends in copper and other metals? Contact John at 631-824-6486 or [email protected].
Photo credit: BHP Billiton
About the Author
Jim Lucy Blog
Chief Editor
Jim Lucy has been wandering through the electrical market for more than 30 years, most of the time as an editor for Electrical Wholesaling, Electrical Marketing newsletter and CEE News. During that time he and the editorial team for the publications have won numerous national awards for their coverage of the electrical business. He showed an early interest in electricity, when as a youth he had an idea for a hot dog cooker. Unfortunately, the first crude prototype malfunctioned and the arc nearly blew him out of his parents' basement. Before becoming an editor for Electrical Wholesaling magazine and Electrical Marketing, he earned a BA degree in journalism and a MA in communications from Glassboro State College, Glassboro, NJ., which is formerly best known as the site of the 1967 summit meeting between President Lyndon Johnson and Russian Premier Aleksei Nikolayevich Kosygin, and now best known as the New Jersey state college that changed its name in 1992 to Rowan University because of a generous $100 million donation by N.J. zillionaire industrialist Henry Rowan. Jim is a Brooklyn-born Jersey Guy happily transplanted in the fertile plains of Kansas for the past 20 years.
