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Although there have been periods of boom and decline depending on copper prices, Cobar is known for the mineral wealth - mainly copper but also zinc, lead and silver - extracted from the mines. The Great Cobar mine closed in 1919 but the opening up of new mining ventures in more recent times has seen Cobar become prosperous once again. This busy town is also the commercial centre for a major wool-growing district and a major rest stop on the cross-roads of the Barrier Highway and Kidman Way.