Journalists have NO idea what they are writing about.
“all-time high of $5.035 per ounce in March of 2022”
“a few months later back to a low of $3.13 per ounce”
“peaking at $4.35 an ounce”
That is the price per pound. Dumb A$$ Neil Campbell. Stupid journalist.
Copper is currently worth about $2.50 PER POUND. That is bare bright wire. Just wire, no casings, etc.
I saw that.
He’s Canadian.
He doesn’t understand ounces and pounds. Only grams and kilograms....................
If copper is $4-$5/oz., many would go out and buy a $200 propane smelter and melt all those 95% copper pennies they have been saving. (Disclaimer: It is illegal to melt US Coins and steal copper) You can already buy 1-pound poured copper bars on eBay.