QUOTE AND NEWS
Wall Street Journal  8 hrs ago  Comment 
After spurring fears of a massive scandal and a global metals selloff, the missing copper at a Chinese port has instead created a morass of global lawsuits.
DailyFinance  10 hrs ago  Comment 
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 09/22/14 -- Falcon Gold Corp. (TSX VENTURE:FG), ("Falcon" or the "Company") announces that it has finalized plans for exploration programs on the New York Canyon Copper property located in the Santa...
SeekingAlpha  12 hrs ago  Comment 
By Christopher F. Davis: Newmont Mining (NYSE:NEM) has just announced it expects to resume exporting copper concentrate from Indonesia this week. The company owns PT Newmont Nusa Tenggara which is a Newmont's subsidiary in Indonesia. We learned...
Wall Street Journal  12 hrs ago  Comment 
Fresh concerns about the pace of Chinese growth drove down financial markets from U.S. stocks to cotton and copper prices.
DailyFinance  Sep 22  Comment 
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 09/22/14 -- Savant Explorations Ltd. (TSX VENTURE:SVT) ("Savant") has received a permit to drill its Frazier Creek Property in Nevada. The initial drill program is scheduled to start in...
SeekingAlpha  Sep 19  Comment 
By Peter Arendas: Lundin Mining (OTCPK:LUNMF) is a diversified mining company with focus on copper, nickel, zinc and lead. It has operations in Sweden, Finland, Spain, Portugal, Democratic Republic of Congo and it's nearing the completion of a...




 


Copper is a metal used extensively as a heat and electrical conductor, as well as a component in metal alloys, most notably brass and bronze. Annual world production is projected to 18.4 million metric tons in 2008.[1]

Copper is used extensively for electrical wiring and plumbing in buildings. A good overview on the use of copper can be found on the webpage of the International Wrought Copper Council (IWCC).

Copper is known to have antimicrobial properties. It is also an important nutrient. It is widely believed that copper jewelry can help wearer conquer diseases.

The chart at left shows continuos front-month futures prices for High Grade Copper traded on the COMEX.

Prices and Delivery Dates

High Grade Copper futures contracts are traded on the COMEX under ticker symbol HG and are delivered every month of the year. (For more information on commodity tickers, check out the commodity ticker construction page.)

Copper Producers

The four largest copper producers are[2]

Key Trends and Forces

Global Economic Downturn

The usage of copper may be significantly reduced in the current downturn.

Emerging Economies

Improving living conditions and expansion of infrastructure require electrification of houses, manufacturing facilities, and offices. Further copper is required in electrical powerplants, transformation and transport of the energy and for the extension of public transport.

New Electrification Wave

Improved comfort functions and hybrid powertrains require increased amounts of copper to be build into vehicles. Plugin hybrids are going to increase the demand for electric power from the grid. The use of solar panels on buildings increases copper usage in the building sector.

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References

  1. International Copper Study Group - Forecast 2008/2009, October 2008
  2. Freeport McMoRan Presentation, November 2008
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