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Copper Prices: A Story Of Extremes

Jan, 2008 John Gross | Wire Journal International


It was just a little more than a half year ago, July 2, 2008 to be exact, that the price of copper on Comex closed at a record high $4.08 per pound. Today, copper is trading at the $1.35 range, down $2.73, or two thirds of that historic peak, and it may well fall further.


John Gross is president of J.E. Gross & Co. Inc, a metals management and consultancy firm established in 1987 and publisher of The Copper Journal, an industry newsletter he created in 1989. In addition to his consulting activities, Gross has worked with global leaders in the metals industry over the past 35 years. He began his career in metals in 1973 when he joined U.S. Metals Refining Co., a division of Amax Inc., where he rose to become manager of administration. In 1981 he joined Hudson Bay Mining and Smelting as manager of trading and in 1983 became a futures broker with Johnson Matthey & Wallace, specializing in metals on Comex and the London Metal Exchange.

Gross is no stranger to the electrical wholesaling industry, as he was vice president of strategic metals for the North American operations of BICC Cables Corp. in 1985 (now owned by General Cable).  More recently, he was director of metals management with Scott Brass, a producer and manufacturer of copper and brass strip products.

To receive a sample copy of The Copper Journal, give him a call at (401) 667-0478 or e-mail him at john.gross@jegross.com

He is a graduate of Hofstra University in New York, and a highly decorated Vietnam veteran. During his business career, he has held memberships in several trade organizations; served as a director of the American Copper Council, and as a member of the Comex Advisory Committee. Gross is very active in industry affairs and has written extensively on the metal markets, industry issues and is frequently called upon to speak at trade events.