Copper has been in the news as the metal of choice for thieves around Wichita.
David Vaughn asks, "If the world has a large supply of copper, and so much is available, why is it so expensive?"
Copper is one of our most used, most common metals. The supply of copper in the United States is plentiful. For a while, copper was not expensive. As a result, it is used in nearly everything, which has, in turn, increased demand.
According to livescience.com, the high demand drove the price of copper higher. The spike, according to the website, came in the early 2000s.
That's the reason copper thefts are now about as common as copper itself. No one was stealing copper in the '90s, but now, it seems not a scrap of copper is safe from thieves.
But, with the abundant supply, why the high prices? The answer is that the United States has a large amount, but other countries do not.
The global demand has, as a result, increased the price.
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