Preview Mode Links will not work in preview mode

Dec 2, 2015

The future price of copper and the growth of companies that produce it could hinge on a single precious resource: water.

Scott Patterson writing for the Wall Street Journal reports that mining the important industrial metal requires huge volumes of water to control dust and separate copper from the earth.

But a seven-year drought enveloping Chile, the world’s largest producer, is forcing big mining companies to curb output and pitting them against small communities like Caimines, Chile high in the Andes. Steve and Sinclair examine the challenges for copper and how its price could fall in 2016 but rebound in 2017 to 2019.

Sinclair broadcasts live from the Economic Conference in downtown Phoenix, while Steve holds down the fort in studio. Certified Financial Planner Murray Titterington with IQ Wealth joins the A-Team for the Q & A to discuss how the PEP and Pease provisions are affecting more and more tax returns.