Copper shortage to worsen
Those buying ammunition, air conditioners, building houses or other uses of copper have discovered that it is rapidly becoming a precious metal.
China’s economy is expanding at an incredible rate mainly due to the government propping up demand. Entire cities, large high-speed railway networks and other infrastructure projects are spending more copper than the world can produce all in the name of beating the U.S. at the economy game.
Copper is used in electrical wire, air conditioners, brass, bullets, and many more consumer products. A shortage is fueling increasing prices – whether the products are in higher demand or not.
As China accelerates, the world trembles. Thanks to weak economic policies from the United States, China can now be assured whatever it needs – no matter the cost to the global economy.
In the first half of this year alone, cooper demand is expected to outpace supply by 316,000 metric tons. The only reason copper prices may steady in the second half of this year is the American leadership’s inability to re-ignite the U.S. economy and the failing European Union.