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Copper Price Determinants While much copper is mined by developing countries, most copper is consumed by the industrial, developed countries. Thus, copper exports are an important source of foreign exchange for the developing copper-producing counties. Since no single nation has a monopoly on the source or production of copper, copper is a world commodity. Because copper is a a commercial metal, used particularly by the housing, automotive, and electrical industries, its demand is affected by the general state of the economy and, in particular, by the state of the housing and automotive sectors of the economy. Thus, during recessions or economic slowdowns, the demand for copper declines and its price softens. On the other hand, copper usage typically increases when the economy is strong, and the price of copper, therefore, increases. Copper prices are, thus, fairly volatile over the business cycles. Increases in the price of copper are , however, limited, particularly when the economy is strong, by competition from substitutes such as steel, plastic, aluminum, and, more recently, fiber optics.
20.8 million tons *(e.g., rubber, leather, textiles, wood, miscellaneous inorganic wastes) The good news? Americans are embracing recycling programs in records numbers. The EPA estimates that over 30% of the waste produced by Americans during 2000 actually ended up in recycling programs. Commonly recycled items include certain plastics, paper, and cardboard. Certain communities and businesses have also established recycling programs for some of the more toxic products produced by our society, including batteries, printer/toner cartridges, computers, and even used oil! Recycling Plastics Many of the plastic products we use today are either recyclable or made of recycled materials. You have probably noticed that most products made from plastic have a code inside of a triangle on the bottom surface of the container. Have you ever wondered what those codes mean? The Society of the Plastics Industry developed a numerical coding system in the late 1980s to help indicate which plastic material has been used for a given product. There are six different types of plastic resins that are commonly used to package household products.
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