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Red Metal Raging

Published Thursday, May 01, 2008

Any distributor who's trying to time wire purchases according to the price of copper has got to be feeling dizzy by now. For over two months, the spot price of copper on the world's commodities exchanges has been flirting madly with its all-time high — even surpassing it mid-day on a few occasions — but it can't seem to close the deal. The price has yet to close above the $4.07-per-pound record set after a dramatic run-up in April and May 2006. In the two years since that spike, the electrical industry has had to ...

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