Friday, January 21, 2011

copper wire gone


Optical fibers are replacing copper wire. That said, the was seen copper go from $1 a pound to over $4 a pound now. This affects Steven Gibbs due to the fact that he makes electromagnets that use copper wire. Fact is, the price of each thousand foot spool is going up. Debunkers claimed that copper would be replaced by optical fiber and the price would go down, but that is not what we see. Actually, copper went up 180% last year. This price jump affects us all. For example copper wire is used inside of electric motors like those that will replace gasoline engines. For example, in an electric car.

Labels:

0 Comments:

Post a Comment

<< Home