QUOTE AND NEWS
WA Business News  Jun 23  Comment 
It has the world’s largest gas reserves, the second-largest copper reserves and only three other countries in the world have more oil – Iran is open for business. 
newratings.com  Jun 23  Comment 
VIENNA (dpa-AFX) - French shares rallied on Thursday, with firmer copper and oil prices as well as expectations of a victory for the "Remain" camp in the historic European Union referendum, helping underpin investor sentiment. London copper...
The Hindu Business Line  Jun 22  Comment 
Copper futures contract traded on the Multi Commodity Exchange (MCX) had surged 4 per cent in the first two trading sessions of this week. This rally has breached the key immediate resistance at ₹315...
The Australian  Jun 21  Comment 
Andrew Mackenzie has shed new light on the extent of BHP’s challenges, but there may be some upside in copper and oil.
Financial Times  Jun 20  Comment 
Broad-based ‘risk on’ supporting volatile assets but gold haven fades
Automotive World  Jun 20  Comment 
Poland’s newest electric city bus—Solaris Urbino 12—is the world’s first to feature handrails made from antimicrobial copper, which will continuously destroy germs deposited on their surfaces, helping reduce the spread of infection between...
Automotive World  Jun 20  Comment 
SKF has secured a three-year contract with Compañia Minera Antamina S.A. (Antamina), to provide Proactive Reliability Maintenance services at the company’s open-pit copper mine in Peru. Antamina is jointly owned by BHP Billiton, Glencore, Teck...
The Australian  Jun 19  Comment 
Not all copper producers are suffering from the fall in the price of the red metal.
Reuters  Jun 16  Comment 
* Executed final agreement to acquire 31.25% interest in Marshall Lake property held by Marshall Lake Mining Limited




 


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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