2006-08-22 03:33:35 · 4 answers · asked by ah64dtk 4 in Business & Finance ➔ Other - Business & Finance
Hello. Yes, partly, I know the answer. The largest copper mine in the world is in China. This week its workers went on strike. Consequently, the price of copper was risen due to a predicted stronger demand in the world market. However, it should be noted that speculators often over react when such news first hits the waves....
Look for a decrease in price soon. tdm.
2006-08-22 03:42:54 · answer #1 · answered by troy_ua 1 · 0⤊ 0⤋
China is buying huge amounts of it
2006-08-22 03:39:45 · answer #2 · answered by dwh12345 5 · 0⤊ 0⤋
simple---its all based on supply and demand -----lower supply drives price up -------larger demand drives price up -------larger supply with lower demand -prices will fall
2006-08-22 03:44:58 · answer #3 · answered by whats it worth 1 · 0⤊ 0⤋
global telecommunications
2006-08-22 03:40:40 · answer #4 · answered by zoomjet 7 · 0⤊ 0⤋