QUOTE AND NEWS
SeekingAlpha  Aug 18  Comment 
WA Business News  Aug 16  Comment 
Metals X has temporarily suspended underground mining at its Nifty copper operation to undertake repairs.
Cellular News  Aug 15  Comment 
SEATTLE , Aug.andnbsp; WatchGuard® Technologies , a leader in advanced network security solutions, today announced hardware upgrades to its Firebox® M Series to handle the rapid proliferation of encrypted web traffic and offer more...
The Economic Times  Aug 11  Comment 
EBITDA stood at Rs 1,404 crore, up by 4% since last year supported by higher aluminium and copper volumes
Motley Fool  Aug 9  Comment 
Everyone is paying attention to Northern Dynasty's big mine, but don't overlook this key number




 


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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