USED FOR A HUGE VARIETY OF HEAT TRANSFER APPLICATIONS
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The unique benefits of copper, such as resistance to corrosion and excellent conductivity, benefit many key industries in all industrialized nations. Foremost among these industries is electronics. Copper tubes is employed for its excellent electrical properties everywhere electricity is employed. Also near the top is copper tubing, used for a huge variety of heat transfer applications such as air conditioning and refrigeration.
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The total poundage for all known copper in the world is slightly under six trillion pounds. That is eight thousand four hundred Empire State Buildings. Gather up all those skyscrapers into one place and what do you have? -A variable mountain the size of New York City, over six hundred million square feet standing almost fifteen hundred feet high. That is a lot of copper folks! And it is far more than the entire global economy could use in a century at the present rate of consumption.
Only 12% of that huge block has been mined out of the earth up until this point in history, with a whopping 88% remaining waiting to be extracted. And that is just what we know about. One of our trusted suppliers recently told us that 97% all copper that has been “bought” has been on paper in the commodities market. Better put, “…97% of the volatility has come from Wall Street,” not from actual industrial supply and demand. In other words, investors are using it as a commodity stock rather than utilizing it in an actual product.
The price goes up and down with the stock market unrelated to its actual use. If Wall Street lost interest One of our trusted suppliers recently told us that 97% all copper that has been “bought” has been on paper in the commodities market. Better put, “…97% of the volatility has come from Wall Street,” not from actual industrial supply and demand. In other words, investors are using it as a commodity stock rather than utilizing it in an actual product. The price goes up and down with the stock market unrelated to its actual use. If Wall Street lost interest and investors thought some other commodity could be a safer bet, the price would fall dramatically.
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Wall Street sees the orange metal as a safe bet, not a risky one. Of course, there is no problem with investors buying commodities. The problem is when people believe that because the price is rising the earth is running out of supplies or that mankind is “raping� the earth of its resources. No, folks. This is just the present-day market, not squeaky wheels in our copper mines.
One of our trusted suppliers recently told us that 97% all copper that has been “bought” has been on paper in the commodities market. Better put, “…97% of the volatility has come from Wall Street,” not from actual industrial supply and demand. In other words, investors are using it as a commodity stock rather than utilizing it in an actual product. The price goes up and down with the stock market unrelated to its actual use.
If Wall Street lost interest One of our trusted suppliers recently told us that 97% all copper that has been “bought” has been on paper in the commodities market. In 2007, the annual sale of raw copper in the US was at nine billion and at the time of this writing it seems that demand is increasing in Asia, causing higher prices in the United States. But will it last? Investors have turned to Gold in much the same way.
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Gold is also used as a hedge against losses in other stocks. But when the stock market crashed in late 2008, the price of both metals went down with everything else. This is because investors were selling off their precious metals in order to recoup their losses from stocks. Coupled with the very high rate and ease of recycling, the market should have ample supplies for at least a hundred years if not a millennia. Maitree Industries is one of the leading Copper tube manufactures in Pune and all over India fulfilling the needs of copper products in affordable rates.
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