Posted 15 October 2012
With the price of copper on the London Metal Exchange (LME) varying by the hour it is impossible to predict where it will be tomorrow, let alone next month. Add to this the variations in exchange rate, and you’ve got a recipe for volatility.
Distributors are on occasion caught out selling cable at prices below replacement costs and customers are sometimes holding off placing orders in the hope copper will fall. Sadly they are often disappointed.
The graph on the cover shows the average copper price in Pounds for 2010 - who knows what it will look like for 2011. If you fancy a flutter we know a man in London taking bets!