Reader John D. Dingell III writes:
Unnoticed in the firearms press: the prices of copper, lead, and zinc have been trending upwards over the last year. Long term forecasts within the metals industry expect this trend to continue. Although prices are not expected to reach their mid 2000’s levels, they could ascend to five-years-ago levels.
This doesn’t appear to be a consequence of American politics. Rather it reflects the closures of higher cost (and politically disfavored) mines and the consequent declining inventories. Lead and zinc stocks are disappearing at an alarming rate. Copper stocks are undergoing a mild decline. The Chinese have also embarked on intensive economic stimulus during the first half of 2017, which has hiked Asian demand.
If this upward price trend continues, ammunition prices should soon start going back up, due to cost-push inflation. Time to stock up?