Copper Price
The price of copper struck a first peak level on March 6, 2008 on the London Metal Exchange (LME), surging 5.8 percent over the previous trading day to US$4.02 per pound. The previous record was set on May 12, 2006 at $3.98/lb. The international copper price increased rapidly in early 2008, rising 23 percent in February 2008, then declined 40% before December 2008, and reached $1.30 by year's end. In February 2011 the price peaked at over US$10,100/tonne ($4.58/lb).
Read more about this topic: Peak Copper
Famous quotes containing the words copper and/or price:
“He had put, within his reach,
A box of counters and a red-veined stone,
A piece of glass abraded by the beach,
And six or seven shells,
A bottle with bluebells,
And two French copper coins, ranged there with careful art,”
—Coventry Kersey Dighton Patmore (1823–1896)
“Surely the apple is the noblest of fruits. Let the most beautiful or the swiftest have it. That should be the “going” price of apples.”
—Henry David Thoreau (1817–1862)