QUOTE AND NEWS
WA Business News  Oct 17  Comment 
Former copper and gold explorer Quintessential Resources has moved another step towards its scrip takeover of technology incubation company Yonder and Beyond with the appointment of Y&B chief executive Shashi Fernando as a non-executive director.
The Hindu Business Line  Oct 17  Comment 
London copper bounced off six-month lows on Friday after the US economy showed signs of strength, but lingering global growth concerns kept a recovery in check as markets await China’s economic da...
The Australian  Oct 15  Comment 
SANDFIRE Resources says a strong September quarter has put copper production ahead of guidance.
SeekingAlpha  Oct 15  Comment 
By The Investment Doctor: One of my favorite small mining companies, Atico Mining (OTC:ATCMF), has released an operating update for the third quarter of this year. In fact, I'm positively surprised as even though the average amount of milled ore...
Forbes  Oct 15  Comment 
Iron ore production and shipments rose sharply in the first nine months of the year, as compared to the corresponding period last year. This is consistent with the company's strategy to expand iron ore production, despite a subdued iron ore...
Financial Times  Oct 15  Comment 
Fallout from Qingdao financing scandal tightens credit access




 


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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