A friend of mine works in precious metals. Told me yesterday - last time copper was this high, it was around 2007 right before the Great Recession. Does that sound right to you all? Odds we have a Recession coming, since the Fed probably wanted to raise the rate but held it steady????
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As of March 17, 2025, the price of copper is $4.98 per pound [¹.Now](http://¹.Now), let's adjust the prices for 2007 and 2008 for inflation.
According to the Bureau of Labor Statistics' Consumer Price Index (CPI) inflation calculator, $1 in 2007 has the same purchasing power as $1.31 in 2025, and $1 in 2008 has the same purchasing power as $1.36 in 2025 ² ³.
The average copper price in 2007 was $3.2317 per pound, and in 2008 it was $3.1145 per pound ¹. Adjusting for inflation, the 2007 price would be equivalent to approximately $4.24 per pound in 2025, and the 2008 price would be equivalent to approximately $4.24 per pound in 2025.Here's a summary of the prices:
* **Current Price (March 17, 2025)**: $4.98 per pound
* **2007 Price (adjusted for inflation)**: approximately $4.24 per pound
* **2008 Price (adjusted for inflation)**: approximately $4.24 per pound
It appears that the current copper price is higher than the adjusted prices for 2007 and 2008.