Sunday, March 29, 2009

Ups and downs of the copper industry

Saturday's Arizona Republic offers a powerful summary of the recent boom and bust of the copper market, with vignettes of what this means for workers and businesses in Arizona who have lost jobs or income as the price collapsed from over $4 a pound last spring, to a low of $1.28. [right, picture post card view of copper mining center, Morenci, AZ, around 1910. Morenci has lost about half its copper jobs in the recent downturn]

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