When it comes to finding, extracting, and selling raw good materials, most companies are ruthless in their business tactics in order to maximize profits. Ruthless not against any other humans necessarily, but ruthless against the enviroment in their quest for resources. Mining, one of the most devastating actions against the surface of the Earth, is a necessity in order to find raw resources.
While sliver and other precious metals such as gold, platinum and palladium are all monetary “safe-havens”, investors around the world don’t find them necessary in this time of economic drought. Within the past month, the silver market has had its biggest drop since 1980 (BusinessWeek). Edward Meir of MF Global’s observes that “until there’s some real fix to stem debt contagion, metals traders just aren’t going to be inclined at this point to make much of a bet on [precious metals]” (Barron’s).
Copper has been a valuable metal for thousands of years and has many practical applications today. What makes copper so versatile is its malleability and its ability to conduct heat and electricity. Because of these characteristics, copper can be found in home plumbing and electric appliances. Within the last couple of decades, copper consumption on a global scale has increased dramatically.