If you look through some of the literature on copper, you might be surprised to learn that copper is often referred to as metal with a Ph.D. in economics. A bellwether for base metals, it is susceptible to economic trends and, therefore, closely tied to the business cycle.
As a vital raw material in construction, electronics, and power transmission, the theory is that the price of copper is the canary in the coal mine – a harbinger of what will come next. Rising copper prices signal a growing economy, and falling copper prices signal an impending slowdown. scrap yard
Will Copper continue to earn this type of respect in the future? Most likely, its accuracy in predicting the state of the economy continues to be tempered by the volume and speed of commodity and currency trading on the electronic markets. Increasingly, these trades affect the fundamental supply and demand relationships that have historically driven metal prices. Economics Scrap Yard Brampton
Copper – The Metal with a Ph.D. in Economics
Since we buy copper in various forms, such as pipe, insulated wire, and sheet, we need to monitor copper prices closely, and this puts us in an excellent position to follow copper’s “commentary” on the variety of economic risks that are out there in the world today. Economics Scrap Yard Etobicoke
Over the past year, we have added a chopping line that separates copper from the plastic and aluminum found in insulated and armored grades of wire. The equipment mechanically chops and granulates large volumes of wire; through air and gravity, the copper is separated from other materials. Scrap Yard in Burlington
The final product in this value-added process is what is commonly referred to as a chop. Since it will command a premium, the chopping line enables us to remain competitive in our pricing regardless of where the market is headed.