"Today, the U.S. consumes just 12.4% of global production, down from 21.5% in 2000, [International Copper Study Group] says. China, by comparison, consumes 22.7& of global production, up from 12.8%, eight years ago", WSJ, 2 February 2008.
Like the grains, copper's current price, $3.26 a pound, is largely a result of dollar weakness. Let's ask Jeffrey Currie again what he thinks. In copper's case, there may be more to China's "consumption" increase than meets the eye. Copper is known as the "red metal". Red is the color of Ares, the Greek God of War. Hence, copper is also known as the "war metal". CIA and DIA, take note.
Like the grains, copper's current price, $3.26 a pound, is largely a result of dollar weakness. Let's ask Jeffrey Currie again what he thinks. In copper's case, there may be more to China's "consumption" increase than meets the eye. Copper is known as the "red metal". Red is the color of Ares, the Greek God of War. Hence, copper is also known as the "war metal". CIA and DIA, take note.
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