 | |
- close
- close
|
Suggest other news sources for this topic
WIKI ANALYSIS
 |
This article describes a commodity traded on a commodities exchange. View articles referencing this commodity. |
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.
<autowikidata/>
References
- ↑ International Copper Study Group - Forecast 2008/2009, October 2008
- ↑ Freeport McMoRan Presentation, November 2008
| ||||||
|
|
