QUOTE AND NEWS
Record quarter bumps Altona's FY guidance
Mining Weekly  7 hrs ago  Comment 
ASX-listed copper miner Altona Mining has set a production record at its Outokumpu project during the three months to March, with production up 23% on the previous quarter. Copper production for the three months under review increased to 2 503 t,...
MCX Copper positive resistance 391 and 393 levels
Commodity Online  Apr 30  Comment 
and ldquo;For intra-day, immediate support for the base metal is there at 386 and amp; 383 levels while upper side prices have resistance at 391 and amp; 393 levels, and rdquo; said Tarang Parmar, Research Analyst at Commodity Online.
Newmont profit down as shipments, prices fall
Mining Weekly  Apr 29  Comment 
Newmont Mining, the largest U.S-based gold miner, reported a sharper-than-expected drop in first-quarter profit on Monday, as gold and copper shipments fell more than 10% and realised prices for the metals slid. Consolidated all-in costs rose 7%...
Ross Beaty: You say impossible, I say possible
Resource Investor  Apr 29  Comment 
Copper and silver tycoon and environmentalist Ross Beaty sees stagnant global growth, but strong fundamentals for gold. Here he shares his views, and a few memorable moments in his career — on both sides of the industry.
Damaged Copper Output
Wealth Daily  Apr 29  Comment 
Kennecott Utah Copper, Rio Tinto's (NYSE:RIO) subsidiary, will experience a slowdown in copper production after a landslide at its major mine...
At the open: Stocks rise as commodities enjoy a bounce
The Globe and Mail  Apr 29  Comment 
Gold and copper up more than 1% as U.S. dollar weakens
Premarket: Gains ahead for TSX as gold, copper rally
The Globe and Mail  Apr 29  Comment 
Stock index futures suggest modest advance in equities as softer U.S. dollar supports commodities
Sterlite case shifted to Delhi Green Tribunal
The Hindu Business Line  Apr 29  Comment 
Sterlite Industries’ appeal against the Tamil Nadu Pollution Control Board closing its copper smelting unit has been transferred to the Principal Bench of the National Green Tribunal, New Delhi.




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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.

Contents

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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