7. Someone has A LOT of copper
And speaking of the price of copper, it was reported at the very end of 2010 (and most of us learned early this year) that a single trader held half of the world's exchange-registered copper stockpile. The trader, whose holdings at that time were valued at approximately $3 billion, was rumored to be J.P. Morgan Chase & Co.
More recently, we reported on the recent drop in copper prices but no corresponding drop in copper-cable price.
Pictured above is the Chuquicamata copper mine in Chile.
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