17 mars 2008

Keep up with the new order, China's on speed | smh.com.au

Keep up with the new order, China's on speed | smh.com.au:
* John Garnaut
* March 17, 2008
Each month the number of new houses being built in the US drops to a new low and the world copper price takes a little hit.

That is because global hedge fund managers are programmed to know that every new US home eats up about 200 kilograms of copper wire, copper pipes and copper fittings, and each new home owner buys about 10 kilograms of copper embedded in their home appliances.