Copper Drops to Fresh 2011 Lows on Euro-Zone Woes

Copper , Metals Sep 20, 2011 No Comments

CopperCopper prices are showing strain amid worries that Europes sovereign-debt problems will substantially erode demand and create a surplus of the industrial metal.

Futures on Monday hit a fresh low for the year, falling 3.8% to $3.7715 a pound.

The metal easily conducts electricity and doesn’t rust in water, properties that have made it valuable in uses from household plumbing and electric wiring to cars and trucks and consumer electronics. Because of its widespread application across industries, the metal has been dubbed “Dr. Copper” for its role as a bellwether of the global economy.

via Copper Drops to Fresh 2011 Lows on Euro-Zone Woes – WSJ.com.

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Rod Sherkin

Rod is a former senior executive, responsible for Purchasing, for both Pillsbury and Ball Packaging back in the 80’s and 90’s. Since then, he has continued to work in the Purchasing field as both a consultant and founder of the website Propurchaser.com.

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