Thursday, January 22, 2009

A Rollercoaster of a Different Kind: Adventures in Copper Economics for the Young Enthusiast

The last quarter of 2008 saw a devastating crash in the price of copper, coinciding with financial crises both in the US and in many other parts of the world. Starting in September the price of copper fell from above US$4 a pound to around $1.25 by the end of the year. In Novmber there were layoffs at our mine, followed by even more layoffs in the week before Christmas. For a small, close-knit community like ours it has been acutely felt. Conversations used to start with, "So, how are you doing?" but now it's, "So, are you still working?" The price of copper is on everyone's minds and we are hoping and praying that we will be lucky enough to get to stay on here for at least a while longer and continue our American adventure, at least until the end of our current visa (another 2 years). Fingers crossed and see how it goes.

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