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

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.

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