Copper and Lead Prices Drop
And you know what’s made of copper and lead? I mean, other than childrens’ toys from China:
Commodities plunged to their lowest level since June 2002, led by energy and industrial metals, on mounting signs that the global recession is deepening and demand for raw materials will decline further.
The Reuters/Jefferies CRB Index of 19 prices dropped for the sixth straight session, the longest slump since December. The gauge touched 203.25, the lowest since June 21, 2002, and has slipped 11 percent this year. Crude oil fell as much as 8.2 percent today, and copper declined the most in three months.
Perhaps there will be a resultant drop in ammo prices?
February 18th, 2009 at 10:32 am
I hope that Georgia Arms is reading this.
February 18th, 2009 at 1:02 pm
Ammo prices will fall . . . after the stuff made with record-high-priced metals is sold off. I can’t see anyone taking a hit on existing inventory when folks’re still buying it up.
February 18th, 2009 at 1:22 pm
“Perhaps there will be a resultant drop in ammo prices?”
Don’t hold your breath.
February 18th, 2009 at 2:51 pm
Even if prices did drop, would it matter that much, since no one seems to be able to keep it in stock anyway?
February 18th, 2009 at 3:03 pm
I doubt ammo prices will drop until demand drops. It’s Econ 101. The low metal prices are just a bonus for the manufactures. All we can hope for is demand to be satisfied some time this year.
February 18th, 2009 at 3:41 pm
The cost of copper and lead in a typical cartridge is *tiny* compared to the selling price. A 230 grain *solid copper* bullet uses a little over 4 cents worth of copper. Lead costs a third that price, and makes up the majority of the mass in a normal bullet. (a 77 grain bullet using, say, 5 grains of copper in the jacket uses $.001 worth of copper, and $.005 worth of lead–but 77 sierras sell for about $100/500– 20 cents each, but use .6 cents worth of metal.)
February 18th, 2009 at 5:54 pm
It’s gotten crazy- many match bullets cost as much as loaded ammo.
February 18th, 2009 at 7:48 pm
Ammo prices never go down. Metal could fall to 1% of what they are at this point in time in 6 months and I would bet at that same time federal (if you can find it) will be 10 cents more per pop. They can jack up the prices of say 5.56 to beyond 50BMG and we in our stupidity and paninc will still buy it.
We fucked ourselves and the prices will NEVER go down.
February 18th, 2009 at 8:09 pm
Georgia Arms had 500 rounds of .223 FMJ for $170. $.34 a round. At a gun show. That doesn’t seem too terrible.
February 18th, 2009 at 8:49 pm
There’s been a resultant decline in copper mine employees, I can tell you that.
February 19th, 2009 at 10:46 am
Shawn that’s dumb and not how capitalism works.
When one vendor sells for less, he gets more money because everyone flocks to buy for less. The other vendors want in on the action and lower prices. Otherwise, gas would still be at $5/gal.
February 19th, 2009 at 12:23 pm
Read on Survivalblog.com today (re: copper prices):
AUHD