06 April 2010
Copper is once again on the rise, forcing a price increase industry wide. As the main component in bronze, this metal is essential to the creation of the many pieces you see on our site. As stated on wsj.com: Oil and copper ended at heights not seen since 2008, boosted by evidence that the U.S. economy is recovering just as the two commodities enter their peak demand period. May copper, which has the most open positions, settled up 1.3% to $3.6315 a pound on the Comex division of the New York Mercantile Exchange, its highest close since July 2008. The front-month April contract ended up 1.4% at $3.6260.
These prices are for RAW material, the prices for the refined metal used for the creation of the sculptures and fountains we carry is upwards of $8/lb. This means an increase in the retail pricing of the new pieces we get in, all the more reason to take advantage of the incredible discounts we're offering for our in-stock pieces.