Thursday, December 31, 2009
Copper ends year on 16-month high, projected higher in 2010
Copper prices hit a 16-month high yesterday, seeing annual rises of 140-150% for the year, as reported by Reuters on Mineweb.com.
Another story reports that RBS predicts that among the commodities, "copper is the most likely to hit a new record high" in 2010.
Arizona produces about 65% of the copper used in the U.S. The value of copper production in the state helped make Arizona the number one mining state in the nation for the past four years.
at 7:57 PM