Today, I’m going to talk about something that’s been on my mind lately – the price of copper per pound. I’ve been keeping an eye on it, and it’s been a bit of a rollercoaster.
I started by looking at some recent news. I saw that copper futures were staying below $4 per pound. I remember it was pretty much at rock bottom since the start of this year. It made me curious, so I dug a little deeper.
Then, I found a few websites with live charts showing the price of copper. I started using these charts every day to see the prices of copper, and found I could check out prices for different amounts – like, you could see the price for an ounce, a gram, or even a kilo.
I also used some online forms to make my own charts. I could choose the time frame and see how the price changed over a week or a month. It was pretty cool to see the price go up and down. I could see the prices of different kinds of metals too, not just copper.
One day, I stumbled upon a site that had charts going back 20 years. That was a real eye-opener. It’s wild to see how much the price has changed over such a long time. It really puts things into perspective. This gave me a look at the history of the copper price.
After that, I got into reading news articles about copper prices. I learned that the price can be anywhere from around $3.50 per pound for the scrap stuff to over $4.50 for the really pure kind. Some people were even saying it could go up to $15 in the future. Can you believe that? They were calling copper the new oil!
Then, I did some math to figure out how much copper was worth right now. I saw it was trading at 4.06 USd/LB, and some people thought it might go up to 4.29 in a year. Last month, the price was 9075.73, which was less than the month before. But it was still higher than last year. It really is just a big number to me, I really need to see the trend to see if it goes up or not.
Anyways, I decided to start keeping track of the price myself. I made a simple spreadsheet and started putting the daily price in there. It’s been interesting to see the ups and downs. Here is what I did to track the price:
- Found a reliable source: I checked a few different financial news websites to make sure I was getting accurate numbers.
- Set up a spreadsheet: I’m no Excel whiz, but I made a simple sheet with the date in one column and the price in the next.
- Input the data: Every day, I just pop in the closing price from my source.
- Made a chart: I used the chart function in the spreadsheet to see a visual of the price changes.
After keeping track for a while, I noticed a few trends. For example, the price seemed to dip at the beginning of the month and then recover a bit. I even started noticing some patterns, like how the price often went up after a few days of dropping. It’s not an exact science, but it’s fun to try and guess where it will go next. It’s still kind of a mystery, but I feel like I’m starting to get a handle on it. I’ll keep tracking it and see what happens. Who knows, maybe I’ll become a copper expert!
I even started reading about why the price changes. Things like the economy, how much copper is being mined, and what’s going on in the world all play a part. I don’t think I’ll ever really understand the market fully, but at least I have a better idea now.
So, that’s my little adventure with the price of copper. It’s been a fun and educational experience. If you’re interested in this kind of stuff, I recommend giving it a try. You might be surprised at what you learn!
