Copper Prices Expected to Rise

The Arizona Geology blog says that a “New Economy” based on alternative energy will require a lot of copper. The blog says that on Monday copper prices hit an all time high on the New York exchange for a second day in a row. Copper reached more than $4.30 a pound before closing down only slightly. This year copper prices are up 29%. Some analysts are predicting copper prices to rise to $5 or more during the next year or so.