QUOTE AND NEWS
SeekingAlpha  2 hrs ago  Comment 
The Australian  Jul 22  Comment 
Oz Minerals produced less copper last fiscal quarter but more gold as it processed higher grade ore.
The Hindu Business Line  Jul 20  Comment 
The copper futures contract traded on the Multi Commodity Exchange (MCX) has surged 5 per cent to close at ₹334/kg last week. With this rally, the contract has resumed its up move that had begunfr...
newratings.com  Jul 20  Comment 
LONDON (dpa-AFX) - Anglo American plc (AAUKY.PK, AAL.L) reported that its diamond production for the second quarter ended 30 June 2016 decreased by 19% to 6.4 million carats, reflecting the company's decision to reduce production in response...
The Australian  Jul 20  Comment 
Motley Fool  Jul 19  Comment 
It had little choice in the matter, but there could be more than a silver lining in the timing.
WA Business News  Jul 19  Comment 
West Perth resources hopeful Altona Mining has received amended environmental authority for its Cloncurry copper project in Queensland, incorporating a new deposit and other changes into the mine plan.
The Australian  Jul 18  Comment 
Rio Tinto says the fall in copper and gold production at its Oyu Tolgoi mine in Mongolia was in line with expectations.




 


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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