Glad the copper price is dropping! People are stealing copper wire from off the railroad tracks here!
Notwithstanding the price of oil, copper prices worry me the most. Even with today's 6% drop, copper prices are still 65% higher on the year.
Oh and around here theifs are also destroying people air conditioner units and stripping them of the copper piping! Right out of their yards!
It's also causing a problem with Dixie Beer. It's brewery got somewhat damaged by Katrina, but more so by vandals systematically stripping the copper tubing and vats.
BTW, did you know that with the increase in the price of nickel and copper, a nickel now contains a little bit more than 5 cents worth of metal. If nickel and copper went much higher we could have seen a nickel shortage as they started being melted down for the metal. I guess that means we're back to having a specie currency.
