It is 375 feet high and weighs 1,400 tonnes. The ArcelorMittalOrbit, designed by Anish Kapoor, has been chosen as the monument to mark the 2012 London Olympics. Lakshmi Mittal will pick up most of the $30-million tab.
A few analysts are holding out that bubbles are often associated with positive economic phenomena, such as the invention of a transformative new technology, and that efforts to prevent bubbles may stifle innovation and hurt the economy.
The future of copper is uncertain. Chile and China dominate world production for this mineral which has been in use for more than 10,000 years. Chile’s production peaked in 2007; China’s output might peak in 2020.