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The law of supply and demand dictates that the more scarce a commodity is, the more valuable it is. Therefore, precious metals like gold, silver, and copper are very expensive.
Additionally, mining of metals has a huge overhead cost in mining machinery, territory rights, and in paying workers enough to compensate for how dangerous the job is. That is to say, mining companies charge a lot for their products because it is expensive just to obtain them.
What else can I help you with?
Why is ammunition so expensive?
Increased costs of copper, lead, tin, and increased demand.
What element is more conductive than copper?
Silver but it's more expensive so we tend to use copper more for conducting electricity
Why is copper more expensive than gold?
You are wrong. Copper is NOT more expensive than gold.
Why did the pennies stop being made of copper?
copper is too expensive and limited.
Is copper expensive or cheap?
Copper is considered a relatively expensive metal due to its high demand in various industries such as construction, electronics, and manufacturing. The price of copper can fluctuate depending on market conditions and global supply and demand.
Will recycle centers buy copper?
yes. they most likely most likely prefer copper due to the fact it is a rather expensive metal compared to tin or others so it is a better investment for them.
How much is 7grams of copper worth?
This depends on the quality of copper; analytical grade copper is more expensive; but generally speaking the cost of 7 g copper is not significant.
Why is gold not used as an electrical wiring?
Too expensive, it would be stolen (as it is there are people stealing copper electrical wiring, and copper is much cheaper than gold).
Is there any alternative to expensive copper pipes for plumbing?
You can use pvc pipes in some applications,but copper is far better for household uses.It's not that expensive when you consider how well it does the job.
Was iron nails used during Jesus time?
I reckon so. I doubt if you could hammer wooden nails into wood, and copper would be a bit expensive. I agree, copper or bronce nails would cost very expensive and iron was a popular builduing material used by that time.
Why gold more expensive then copper?
It's prettier and rarer.
Why do you use copper for electrial wiring?
Because the price of silver would shock you and copper is much less expensive.
