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Freeport-McMoRan Inc. Message Board

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  • gf0677mf gf0677mf Mar 30, 2011 4:28 PM Flag

    Copper is

    Copper water lines in housing was replace by PEX plastic lines over 10 years ago to the point today where copper can only be found in about 5% of new construction. The point here is today's price already factored in the small amount of copper used in housing.

    The demand is coming from developing markets and I don't see that slowing down anytime soon.

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