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Copper price and consumption indicating bad times ahead


 

Copper is known as 'Dr Copper' as it is one of the important indicators of economic health of the world. Copper consumption indicates economic growth.

Price of copper alone should not be used as a measure for demand as it takes inflation, production and other factors into account as shown in this article http://money.msn.com/top-stocks/post.aspx?post=cbb87117-73a1-46df-9b77-fd6e9e79f037

 

Industrial metal production and consumption industry and country wise is given in detail in this presentation by Paul White, Head of Forecasting and Statistics, International Lead and Zinc Study Group (ILZSG) www.ilzsg.com

http://www.iim-delhi.com/upload_events/05OverviewGlobalLeadZincNickelCopperMkts_ILZSG.pdf


People have been talking of the increasing important of holding physical commodities rather that paper currency or paper assets. This article published in the telegraph in 2009 talks seriously of making copper as the world currency standard.

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/5160120/A-Copper-Standard-for-the-worlds-currency-system.html 


Uses of Copper in different industry sectors

http://www.lme.com/copper_industryusage.asp


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