Think gas prices fluctuate? look at copper prices

[GRIFFIN1]

Originally posted by: Jawo

Originally posted by: MS Dawn
Sheesh that keeps up and people that have old pennies are going to getting 50 cents EACH for them! :laugh:

ha ha ha...remember pennies made after 1983 are only copper clad with a nickel core!

It sounds like someone is trying to corner the market with prices trippling that quickly!!

The core is now made of zinc. A penny is now 97.5% zinc.

 

[BrownTown]

natural gas is very volitile (since you cant really store it), I've seen it double in less than a week due to a heat wave. And the average price per year has also been very volitile over the last 10 years. Uranium isn't volitile, but its cost is rising at 5 times what oils is, so if you think oils price is bad thats 5 times as bad.

 

[KK]

Originally posted by: JulesMaximus

Originally posted by: slsmnaz
To people like the OP's dad who deal in this it's been going on for a long time. I have sold this stuff for almost 7 years and have been watching copper and steel prices skyrocket in the past couple. Find some historical data on the Comex and just see how it's moved. It makes it very hard to quote future work when the prices are this unstable.

Prices on aluminum have skyrocketed in the past few years also.

Was told the chinese were to blame for the price of aluminum.

 

[Rubycon]

+

 

[Kwaipie]

The copper mining companies own thousands of copper bearing mines that the just sat on for years waiting for the price of copper to go up. These are good times for my company that supplies those mining companies. We've had 2 years of record breaking profits and this year looks even better. I look forward to another 10% bonus this year. 🙂

 

[slsmnaz]

Originally posted by: KK

Originally posted by: JulesMaximus

Originally posted by: slsmnaz
To people like the OP's dad who deal in this it's been going on for a long time. I have sold this stuff for almost 7 years and have been watching copper and steel prices skyrocket in the past couple. Find some historical data on the Comex and just see how it's moved. It makes it very hard to quote future work when the prices are this unstable.

Prices on aluminum have skyrocketed in the past few years also.

Was told the chinese were to blame for the price of aluminum.

They were to cause for most all the metal increases. It was a huge increase in demand by the Chinese for things like steel that caused widespread shortages in the world. Another factor was their willingness to pay higher prices just to get material. Why sell to the US for cheap when the Chinese will pay a premium?

 

[Demon-Xanth]

A few years ago a railroad took out all thier copper lines and replaced them with fiber. Once they sold the copper, the company came out ahead.

 

[technophile82]

Originally posted by: GRIFFIN1

Originally posted by: Jawo

Originally posted by: MS Dawn
Sheesh that keeps up and people that have old pennies are going to getting 50 cents EACH for them! :laugh:

ha ha ha...remember pennies made after 1983 are only copper clad with a nickel core!

It sounds like someone is trying to corner the market with prices trippling that quickly!!

The core is now made of zinc. A penny is now 97.5% zinc.

yeah i dont think pennies ever had a nickel core. anyways, now that they have a zinc core, its fun to get a propane torch and melt the zinc out of the copper skin.

 

[JS80]

Originally posted by: Queasy
Haliburton! Bush! Big Copper!

Don't worry, by november elections it'll be half the price.

 

[JS80]

Originally posted by: KK

Originally posted by: JulesMaximus

Originally posted by: slsmnaz
To people like the OP's dad who deal in this it's been going on for a long time. I have sold this stuff for almost 7 years and have been watching copper and steel prices skyrocket in the past couple. Find some historical data on the Comex and just see how it's moved. It makes it very hard to quote future work when the prices are this unstable.

Prices on aluminum have skyrocketed in the past few years also.

Was told the chinese were to blame for the price of aluminum.

they're also the blame for [insert any commodity here].

 

[Demon-Xanth]

Originally posted by: technophile82

Originally posted by: GRIFFIN1

Originally posted by: Jawo

Originally posted by: MS Dawn
Sheesh that keeps up and people that have old pennies are going to getting 50 cents EACH for them! :laugh:

ha ha ha...remember pennies made after 1983 are only copper clad with a nickel core!

It sounds like someone is trying to corner the market with prices trippling that quickly!!

The core is now made of zinc. A penny is now 97.5% zinc.

yeah i dont think pennies ever had a nickel core. anyways, now that they have a zinc core, its fun to get a propane torch and melt the zinc out of the copper skin.

Pennies now cost more than $0.01 to make, and nickels more than $0.05

 

[Vette73]

Originally posted by: Syringer
How come the price of a penny never changes?

Actually pennys are mostly zinc, NOT copper. Been that way since 1982.


The Composition of the Cent

Following is a brief chronology of the metal composition of the cent coin (penny):

The composition was pure copper from 1793 to 1837.
From 1837 to 1857, the cent was made of bronze (95 percent copper, and five percent tin and zinc).
From 1857, the cent was 88 percent copper and 12 percent nickel, giving the coin a whitish appearance.
The cent was again bronze (95 percent copper, and five percent tin and zinc) from 1864 to 1962.
(Note: In 1943, the coin's composition was changed to zinc-coated steel. This change was only for the year 1943 and was due to the critical use of copper for the war effort. However, a limited number of copper pennies were minted that year. You can read more about the rare, collectible 1943 copper penny in "What's So Special about the 1943 Copper Penny.")
In 1962, the cent's tin content, which was quite small, was removed. That made the metal composition of the cent 95 percent copper and 5 percent zinc.
The alloy remained 95 percent copper and 5 percent zinc until 1982, when the composition was changed to 97.5 percent zinc and 2.5 percent copper (copper-plated zinc). Cents of both compositions appeared in that year.

 

[jagec]

Well, I remember gas being about 87 cents in 2001 (or was it 2002?), and I remember it being over $4 not too long ago, so that's pretty volatile too.

 

[ponyo]

Recently copper was over $4 per pound. People were stealing anything copper. I know bunch of construction job sites got their copper pipes stolen.

 

[misle]

I work for a power company, so we have tons of copper and aluminum wire. Many of our service centers have been hit, we've had copper cut from out Substations (one thief frying himself in the process), and we've even had a Line Crew's truck stolen for the materials that we keep on them. Crazy times.

 

[cavemanmoron]

Originally posted by: acemcmac

Originally posted by: DP

Originally posted by: JulesMaximus

Originally posted by: DP
no doubt, people are going around new houses and stealing copper like crazy. i had to put a camera system up at my parents new house they're building. someone stole 15 watermelons from them once, wtf?

There's copper in watermelons? 😕

sorry, kind of messed that entire post up. they had me put a small camera system up to watch the house/area around it. the day after i put it up the only thing that was stolen were 15 watermelons from their garden which the camera can't see.

it had to be one of the workers due to the fact that they have a gate that only has 2 codes, one for the workers and one for the family.

WTF DOES THAT HAVE TO DO WITH THE PRICE OF COPPER???

:Q

Or the price of Tea in China?/ LOL............

I heard that copper is $3.00 per pound at the recycle place.. WOW

 

[Amused]

Originally posted by: jagec
Well, I remember gas being about 87 cents in 2001 (or was it 2002?), and I remember it being over $4 not too long ago, so that's pretty volatile too.

It was 1999.

 

[XZeroII]

Originally posted by: BrownTown
natural gas is very volitile (since you cant really store it), I've seen it double in less than a week due to a heat wave. And the average price per year has also been very volitile over the last 10 years. Uranium isn't volitile, but its cost is rising at 5 times what oils is, so if you think oils price is bad thats 5 times as bad.

I've stocked up on Uranium already, so I'm ready for that to start skyrocketing. I almost have enough for a dozen missles now!

(I'm j/k. I have no Uranium. No need to report me to the authorities.)

 

[DrPizza]

I had replaced all of the plumbing in my house with pex. I sold the scrap copper at a scrapyard for a LOT of money... hundreds of dollars.

 

[jagec]

Originally posted by: Amused

Originally posted by: jagec
Well, I remember gas being about 87 cents in 2001 (or was it 2002?), and I remember it being over $4 not too long ago, so that's pretty volatile too.

It was 1999.

Impossible. I didn't come here until 2000, and I vividly remember $.87 at the pump for a little bit. Mind you, that was in Indiana, which is cheap, cheap, cheap.