Copper: An Industry in Transition
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The paper relates that overall, the copper business is a risky one. The paper explains that companies must rely on the development of uses for copper around the world, and they must rely on international growth to continue being profitable. The paper explains that this is not always possible, as changes to the world economy can push down copper demand and prices for years at a time. The paper asserts that in order to compete, companies must have the ability to predict these shifts, and build flexible workplaces that are able to adapt quickly.
From the Paper:"It is difficult for countries to balance the import and export of commodities like copper. To understand why, we need to explore the history of the international trade of this mineral. The need for copper, and its use in different manufacturing applications, has been increasing for the last hundred years. Between the beginning and the end of the second World War, consumption had doubled, but it wasn't the increase in production for the war that was causing copper to be used so frequently. In fact, within another ten years after that war, consumption had doubled again in direct..."
Cite this Term Paper:
Copper: An Industry in Transition (2009, December 01) Retrieved February 27, 2020, from https://www.academon.com/term-paper/copper-an-industry-in-transition-143094/
"Copper: An Industry in Transition" 01 December 2009. Web. 27 February. 2020. <https://www.academon.com/term-paper/copper-an-industry-in-transition-143094/>