QUOTE AND NEWS
WA Business News  4 hrs ago  Comment 
Shares in copper explorer MOD Resources closed higher on promising drill results at the company’s T3 copper operation in Botswana.
The Economist  Feb 16  Comment 
DURING the commodity “supercycle”, prices largely marched up and down in unison, fuelled by the strength (or weakness) of demand in China. Since last year commodities have again been on a tear, but for more idiosyncratic reasons. In the case...
The Hindu Business Line  Feb 15  Comment 
The revival in aluminium and copper demand has come at the right time for Hindalco Industries which has just completed huge expansion. However, in the last nine months, the aluminium demand grew by ju...
SeekingAlpha  Feb 14  Comment 
Financial Times  Feb 13  Comment 
Dispute is the latest fillip for a metal that last year underperformed its rivals
newratings.com  Feb 13  Comment 
MELBOURNE (dpa-AFX) - Copper prices are likely to trade higher, taking cues from global situations and on evaluation of tense strike at world's major copper mine owner BHP Billiton Ltd. The company reported vandalism by a group of people at...
WA Business News  Feb 13  Comment 
Newcrest Mining will pay its first interim dividend in four years after more than doubling first-half profit on the back of higher prices and increased gold and copper production.




 


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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