Posted on 11/25/2015 1:47:32 PM PST by blam
300 percent?!?!! Japan’s is 200. Ours is only 100.
We’re no. 1.
We’re no. 1.
That’s like winning the $1.98 Beauty Contest......................
They bought lots while it was cheaper....... a real asset you can hold
I placed.
That’s even worse!...............;^)
lol. you should have seen third :)
what is that? rusted copper on the right?
No thanks! I just ate!.............
lol
Those are all copper ingots.
We exported lots of copper anodes a few years back during what predicted was a bubble of sorts.
I’m tired of looking up words to understand what goes on here lol.
What’s an ingot?
the us should buy back the copper and start up domestic manufacturing.
[alternatively, i could get off of my opium pipe...]
:-)
In terms of copper I’m not sure but it is in general a block of copper from the mill that will be converted into a useful product.
The Ingots I saw so many of were actually anodes that were produced by some electrolysys process
The causes of China’s absurd commodities stockpile are not episodic but systemic. It will take a long time to unwind and, more than that, will require painful and costly reforms. Moreover, China’s demographic imbalance, political stagnation, popular discontent, the end of its export boom, wasted infrastructure, and constrained geography present major challenges that may provoke an existential crisis for the current regime.
I remember five years ago China had bought on the world markets and stockpiled so much copper for its building boom. So much that it stored copper ingots outside the warehouses. It stockpiled at high prices and now all that copper is worth half of what they paid for it.
Commodity deflation and looming negative interest rates is where we are now. I saw a headline about negative rates in Switzerland of all places
mmmm, brass, lead, a little copper jacketing...
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.