Nightcrawler
Member
When did stainless steel start appearing on firearms? It seems to me that it was a post World War II innovation (stainless steel guns), but I'm not sure.
Dunno the answer to that question, but have found myself wondering lately how long before the price of steel has an impact on gun prices.
Copper cathode prices, which climbed 30% in London in the first quarter, may stay near eight-year highs through June as demand grows in the U.S. and China and inventories dwindle. That’s the consensus of analysts surveyed by the Bloomberg News Service, who see copper averaging $2,950/metric ton ($1.34/lb) in the second quarter. That compares with a $1.24 average in the first quarter—and is 80% more than a year ago.
There has been a rapid decline in the world copper price over the past month (from $1.41/lb at the start of April to $1.25 on the last trading day), driven by indications that the Chinese government is attempting to stop its economy from overheating. However, global industrial production continues to recover and this has correlated historically to a recovery in commodity prices. In the case of copper, the fact that global inventories have fallen by 70% since the start of the year should not be taken lightly.