Gold Silver Reports – West Africa to China to Europe to Central and South America, copper has been mined and worked from as far back as 8,700 BC. As one of the few independently occurring metals, copper has been used in a multitude of forms, from prehistoric pendants to modern-day piping and more.
The demand for copper in India and China plays a significant role in determining when copper reserves will be depleted. Current copper calculations suggest that the earth will run out of copper in as little as 61 years.
Copper is an industrial metal essential to urban modernisation. While countries such as China and India strive to develop a western lifestyle, the need for copper will likely increase at the expense of dwindling supply. As alternatives are found to replace copper’s applications, the price of copper will continue to be volatile. – Neal Bhai Reports