Amount of copper used in common household items:
- Average single family house - 439 pounds
- Air conditioner -52
- Refrigirator - 5
- Automobile - 50
Below is a chart from BMO Capital on the imports of copper from China. The numbers continue to surge making China by far the dominant influence on demand.
Lihua International (LIWA) remains incredibly placed to take advantage of the looming shortage of copper and demand in China. As a Chinese recycler of copper and maker of refined copper, this company should see soaring demand. Expectations are for over $2 in earnings next year yet the stock is trapped at $9. Load up on dips.