"Eigenvector" wrote in message
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"Toller" wrote in message
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I just cant see that. While China and India may be modernizing, they have
their own supply of metals to draw from and they've been doing so for
years - so it's not just that. That is one part of the equation yes, not
all of it. No matter how dramatic the demand has risen, it hasn't risen
enough to make the price of 250' 12/2 Romex jump from $89 to $140+ in 2
months - that's more than 50%.

They are not producing enough to supply their own needs. It's that simple.
They are drawing on the supply generated elsewhere and driving prices up.
And to your statement that "it hasn't risen enough to make the price of 250'
12/2 Romex jump from $89 to $140+ in 2
months - that's more than 50%." .... obviously it has or the price wouldn't
be as you quoted. When mines start producing more or new mines finally
come on line, you'll see prices drop, albeit it may take a while.