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Unformatted text preview: times the current usage of copper in extra cabling and winding than previous cars. The price of copper is expected to rise 26% percent by the end of 2012 with China being the biggest buyer. Last year in December alone China imported 508,942 tons of copper. China accounts for 40% percent of the worlds consumption of copper, in which they use it for wiring, plumbing, electronics and automobiles. With China having such a demand for copper prices are predicted to jump from $ 7,600 which was the price at the end of 2011 to $9,500 by the end of 2012. With China controlling majority of the market 2012 predicts to be a great year for their economy. 2012 is also the year of the dragon, and is considered the luckiest year by Chinese culture. So expect big things from China....
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This note was uploaded on 02/06/2012 for the course ECON 564 taught by Professor Jackson during the Spring '11 term at Ole Miss.
- Spring '11