Why Isn t Retail Demand for Silver Pushing Up Prices? :: The Market Oracle :: marketoracle.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketoracle.co.uk Daily Mail and Mail on Sunday newspapers.
Attention in the metals markets shifted this week from silver to copper and platinum. While big moves in silver and gold prices may be coming down the road, the monetary metals are currently taking a back seat to electrical and automotive metals.
A massive push by the Biden administration to replace gasoline vehicles with electric vehicles is helping to crank up demand for copper. Anything involving electricity involves copper – and lots of it.
Electric vehicles and their massive batteries contain an average of 180 pounds of the metal. That’s six times the copper that’s used in gasoline cars. Even larger quantities of copper are required for EV charging stations and necessary upgrades to electrical grid infrastructure.
TXDOT, first responders ask people to stay off the roads this weekend
By Carissa Lehmkuhl
Avoiding travel for the next few days is highly recommended.
AUSTIN, Texas - As a winter storm approaches Central Texas, those patrolling the roads are asking people to stay home this holiday weekend. Today is just the first day of what looks like a three to four day event, said Williamson County Judge Bill Gravell in a virtual update Saturday morning. In Wilco, we are preparing for blizzard conditions, and those aren t words I’ve ever heard in my lifetime in Wilco, and we need the public s help, we need the public to stay at home so our first responders can do their job.