The metal has a well-earned reputation for correctly diagnosing financial trends with its falling price signalling tougher times ahead, especially for anyone making adventurous investment. The 15% price fall from US$4.90 a pound 10 weeks ago to latest sales at $4.16/lb has taken copper back to where it was 12-months ago. But the price drop tells only half the story because on the other side of the copper coin is evidence of an alarming increase in costs which were highlighted in Citi's latest analysis of copper which revealed a 30% industrywide marginal cost increase from $2.79/ lbto$3.63/lb.
NSTL
