QUOTE AND NEWS
TechCrunch  Aug 22  Comment 
 Disrupt London 2016 is fast approaching, and we’re thrilled to announce that we all had such a great time last year that this year’s show is returning to the fabulous Copper Box Arena in Queen Elizabeth Olympic Park. The Copper Box Arena was...
The Australian  Aug 21  Comment 
Glencore is nearing the sale of a $US400m ($524m) copper mine that would enable it to beat ambitious debt targets.
Reuters  Aug 19  Comment 
Indonesian oil and gas producer PT Medco Energi Internasional Tbk plans to invest $500 million to build a copper smelter following its deal to buy control of Newmont Nusa...
Reuters  Aug 18  Comment 
Indonesia's government has approved an Indonesian investor group's bid to buy control of Newmont Nusa Tenggara (NNT), which operates the country's second-biggest copper...
The Hindu Business Line  Aug 17  Comment 
Copper futures contract traded on the Multi Commodity Exchange (MCX) was volatile and fell marginally by 0.8 per cent to close at ₹317 per kg last week. The contract is choppy and is testing a key su...
The Australian  Aug 17  Comment 
The mine still contains copper and gold worth about $50 billion.
CNBC  Aug 17  Comment 
Hong Kong-listed MMG Ltd. is turning its focus to copper production after closing its biggest zinc mine.
newratings.com  Aug 17  Comment 
LONDON (dpa-AFX) - EMR Capital Advisors Pty, a natural resources private equity firm, is in late-stage talks to acquire Glencore Plc's (GLCNF.PK, GLNCY.PK, GLEN.L) Cobar copper mine in Australia after other bidders dropped out of the process,...




 


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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