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Copper Price Hits All-Time-High In Commodities Bull Run
Mining ^ | May 06, 2021

Posted on 05/07/2021 11:11:51 AM PDT by george76

click here to read article


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To: george76

There’s no lumber shortage, it’s being held back to drive prices up. They won’t be happy until the middle class disappears.


21 posted on 05/07/2021 11:36:33 AM PDT by Bulwyf
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To: Brasky

It has been regional so far, and on my end isn’t coming up much yet. I have my fingers crossed after sitting on a bunch for many years now. I need to unload this and right now I can’t get enough to cover my labor and costs to haul it.


22 posted on 05/07/2021 11:36:35 AM PDT by Openurmind (The ultimate test of a moral society is the kind of world it leaves to its children. ~ D. Bonhoeffer)
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To: Attention Surplus Disorder

Janet Yellen / Powell at the Fed see no inflation problem?


23 posted on 05/07/2021 11:38:09 AM PDT by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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To: rarestia

We just cut our own trees now, and my buddy has a gas powered mill. Cut what we want and make what we want. From a round tree to a nice bench in my garage, it took me 4 hours. I only planed and sanded the surface boards though. Rest is just rough cut.


24 posted on 05/07/2021 11:39:09 AM PDT by Bulwyf
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To: al baby

Think that’s bad?
Try 14$ a FOOT for 600kcm for a 400 amp service. 1400$ for a 100’ roll.


25 posted on 05/07/2021 11:45:42 AM PDT by Brasky (You miss every shot you never take.)
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To: Bulwyf

“There’s no lumber shortage, it’s being held back to drive prices up. They won’t be happy until the middle class disappears.”
***************************************************************
It’s supply and DEMAND determining price. Essentially, demand is through the roof. Markets are doing their job as “signals”. The signal now is TIME TO INCREASE PRODUCTION. It takes a while for production to be ramped up.


26 posted on 05/07/2021 11:48:59 AM PDT by House Atreides
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To: george76

Like stocks, commodities are in crazy town. The world is in a severed economic contraction.


27 posted on 05/07/2021 11:51:51 AM PDT by Sam Gamgee
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To: Red Badger

Lamont, you dummy! Didn’t tell you to buy Copper? Oh, I can feel it, Elizabeth honey... I am a comin!


28 posted on 05/07/2021 11:52:02 AM PDT by Richard Axtell ( NO*)
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To: Attention Surplus Disorder

One of the best cases to argue that markets are NOT efficient. Oil doesn’t belong at -41 or anywhere above 50 in the global recession.


29 posted on 05/07/2021 11:52:51 AM PDT by Sam Gamgee
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To: PIF

Good news for the Arizona Copper Basin


30 posted on 05/07/2021 11:58:34 AM PDT by kaktuskid
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To: House Atreides

Actually he is right... They are creating an artificial shortage for price fixing. Have a couple friends in the industry and all the yards are all stocked up and available storage is overfull, from the forests to the mills to the wholesalers... This really needs to be seriously investigated.


31 posted on 05/07/2021 11:59:41 AM PDT by Openurmind (The ultimate test of a moral society is the kind of world it leaves to its children. ~ D. Bonhoeffer)
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Comment #32 Removed by Moderator

To: george76

At the current price for copper and nickel, a $2.00 roll of nickels is worth $2.46.

Welcome to Coinflation: A guide for coin prices and values.
Measuring the Metal Value of Coins – Base Metal, Gold, and Silver Coins

Home | About | Coin Calculators | Gold Coin Values | Silver Coin Values | Proof Sets | Countries

Base Metal Coin Melt Value Calculation
Generated on May 7, 2021.

Values Used:

Total Face Value: $2.00
Coin Type: 1946-2014 Jefferson Nickel
Copper Price: $4.6988 / pound
Nickel Price: $8.2022 / pound

Answer:

Total melt value is $2.46.

$1.00 worth of pre-zinc pennies (i.e. before sometime in the middle of 1982) is worth $3.11

Base Metal Coin Melt Value Calculation
Generated on May 7, 2021.

Values Used:

Total Face Value: $1.00
Coin Type: 1909-1982 Lincoln Copper Cent
Copper Price: $4.6988 / pound
Zinc Price: $1.3525 / pound

Answer:

Total melt value is $3.11


No, you aren’t allowed to melt them down.


33 posted on 05/07/2021 12:29:53 PM PDT by Ancesthntr ("The right to buy weapons is the right to be free." A. E. van Vogt, “The Weapon Shops of Isher”)
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To: kaktuskid

Good news for the Arizona Copper Basin

Arizona Copper Basin ore averages 0.34% copper. A far cry from 99% pure ore


34 posted on 05/07/2021 12:31:22 PM PDT by PIF (They came for me and mine ... now its your turn)
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To: Bulwyf

I’m on acreage with a LOT of oak, but I don’t have the equipment (or the patience) to go this route barring the apocalypse.


35 posted on 05/07/2021 1:00:48 PM PDT by rarestia (Repeal the 17th Amendment and ratify Article the First to give the power back to the people!)
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To: Openurmind

Ok Karen


36 posted on 05/07/2021 1:41:24 PM PDT by al baby (Hi Mom Hi Dad)
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To: Pollard

Even liquor store socks have almost doubled


37 posted on 05/07/2021 1:42:20 PM PDT by al baby (Hi Mom Hi Dad)
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To: Openurmind

People put appliances out so others can fix and reuse them, then the low IQ scrappers come along and cut off the cords. That’s all they take. Just the power cord. Friggin’ idiot low class moron slum dwelling scrappers. I see them living on the hills of trash in third world countries — it would have been nice if we could not have them here. Oh well.


38 posted on 05/07/2021 1:56:12 PM PDT by Born to Conserve
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To: Born to Conserve

At least those “scrappers” are out trying to make a legal living...which puts them well above about 30% of the US population.


39 posted on 05/07/2021 1:59:03 PM PDT by nascarnation
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To: Openurmind

I heard somebody blamed it on lack of shipping containers. Perhaps if the stuff is headed over to China (or coming in from overseas).

But local stuff would just get loaded on a train or truck loose I think.


40 posted on 05/07/2021 2:06:07 PM PDT by 21twelve (Ever Vigilant. Never Fearful!)
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