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largest copper mine in the US After a decade of high prices led to big investments in mines all over the world, there's now a glut of metal on the market. Prices have crashed: Copper is 50 percent cheaper than it was in 2011, and mining companies have lost billions of dollars in value.
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Copper takes a beating – but it may be a panic reaction ...Copper takes a beating – but it may be a panic reaction Fears grow over global economic health as copper leads a commodities selloff after the World Bank cuts growth forecasts China accounts for about 45% of global demand for copper as the metal's wide range of uses in general industry however, growth in China is slowing.