January 25th, 2015
The United States Geological Survey has said the global copper demand outstripped supply by 400,000 tons in 2012.
This has begun to turn copper prices around, which had been skidding since reaching an all-time high in 2013...
China alone consumes 35% of the world's copper. That figure is expected to rise to 50% by 2020 as hundreds of millions more people migrate from the country to cities, bolstering the need for infrastructure. And prices are expected to rise as a result. Some forecasts expect a 50% gain in copper prices over the next few years.
5 pounds Canada pennies 1965 - 1996.....$15.00
5 pounds Canadian pennies 1997-2012.........$12.00