Business Intelligence-Cost of newest gold coin;Estimated 2007 copper price/lb; Estimated 2008 aluminum price/lb
By Tom Stundza -- Purchasing, 6/14/2007
$905,000Cost of newest gold coin
Source: Royal Canadian Mint
WHAT IT MEANS: A 99.999% pure Gold Maple Leaf bullion coin has begun trading on the New York Mercantile Exchange. Each coin weighs 100 kilograms. The coins were made in Ottawa and represent the highest achievement in gold purity.
$3.20Estimated 2007 copper price/lb
Source: Prudential Equity Group
WHAT IT MEANS: “We are impressed that copper demand has rebounded in 2007, that year-to-date prices recovered and that certain deepening mines have seen tough productivity,” says Prudential Group in boosting its forecast from $2.75.
$1.14Estimated 2008 aluminum price/lb
Source: Wachovia Bank
WHAT IT MEANS: A relative flattening of natural gas prices is likely to allow aluminum cost to slide and ingot prices to moderate somewhat next year, says Wachovia economist Jason Schenker after reaching $1.28/lb in 2007.
View All Blogs
Now Playing:
