QUOTE AND NEWS
Resource Investor  8 hrs ago  Comment 
Weak summer demand and ample supply making for lower surcharged in copper.
Reuters  8 hrs ago  Comment 
Diversified miner Vedanta Resources Plc said it was open to a scrutiny of its Zambian copper business, which has faced protests recently over allegedly not paying enough taxes.
SeekingAlpha  11 hrs ago  Comment 
ByItinerant: Copper and gold miner Pan Australian Resource (OTC:PNAJF) published its Activities Report for the June quarter on July 15. The reported operational data confirms our bullish assumptions summarized here, but for the moment success at...
Bloomberg  Jul 31  Comment 
European, Asian Stocks Decline After Selloff Halts Rally A gauge of global shares dropped for a fourth day as the five-month rally in equities ended. Credit risk rose, while...
DailyFinance  Jul 31  Comment 
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/31/14 -- Reservoir Minerals Inc. ("Reservoir" or the "Company") (TSX VENTURE:RMC)(PINKSHEETS:RVRLF)(BERLIN:9RE) is pleased to report on the acquisition of several new exploration licenses in...




 


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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