Hey guys, thought I’d just share this video about “How Many Pounds of Copper in Your Car”.
It caught my attention because I’ve been watching mining companies like BHP shelve their projects and iron ore prices have been falling. This video might just help those who are taking contrarian views in any of these development for metal prices / mining industry. (Contrarian investing is a strategy where investor looks at “crowd sentiment” and goes against it.) So I thought, if we can’t do without cars, home appliances, phones, and most other “mod cons” (modern conveniences) that all use mined resources, why not invest in mining? With falling prices, it might be good time to find an investment.
Check out this video/ link from Bloomberg:
http://www.bloomberg.com/video/gero-there-are-40-pounds-of-copper-in-every-car-zsZf2VqzR~OVBHpxnDOxEw.html
