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Posted: 3/19/2007 9:37:04 AM EDT
| How much will this change the current ammo prices? |
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Copper Rises to Highest in Three Months as Inventories Decline By Millie Munshi and Halia Pavliva March 19 (Bloomberg) -- Copper prices in New York rose to a three-month high, erasing earlier losses, after inventories of the metal used in pipes and wires fell by the most in two weeks. Stockpiles monitored by the London Metal Exchange declined 2,225 metric tons, or 1.1 percent, to 192,175 tons today. Inventories have dropped 7.6 percent this month, and prices, up for the fourth session in a row, have gained 10 percent. Copper will be ``tight'' in the second quarter amid rising Chinese demand, BHP Billiton Ltd., the world's largest mining company, said in a presentation on its Web site. The metal ``remains very vulnerable to supply disruptions and problematic ramp-up of new production,'' the company said. |
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Yup... big suck time for ammo prices. Not just that the price is high, the inventory is low. www.bloomberg.com/apps/news?pid=20601086&sid=aMjcTp9PcxQI&refer=news |
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