Back when I moderated another conference, Alistair Woodman -- who was at Cisco -- did a presentation about aluminum. At the turn of the 20th century, aluminum was a rare metal that was used for jewelry. It was as expensive as it was rare, and therefore it was considered valuable. Today, it’s plentiful and the companies like Alcoa have a stock price that is more driven by consumer demand.
I bring this up because copper as a commodity is tanking worse than oil and very much like coal. Unlike oil, the issue is not production battles and consumer demand. Like coal, the alternatives are better and cheaper (probably cleaner) and the demand has moved beyond these commodities.Read More
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