QUOTE AND NEWS
The Hindu Business Line  10 hrs ago  Comment 
The copper futures contract traded on the Multi Commodity Exchange (MCX) gained 5.5 per cent to ₹334.5 per kg in the previous week and closed above its 200-day moving average. But, the contract’s bull...
The Australian  Apr 27  Comment 
Rio Tinto appears set to approve the $US4bn expansion of the Oyu Tolgoi copper and gold mine in Mongolia.
newratings.com  Apr 27  Comment 
LONDON (dpa-AFX) - Antofagasta plc (ANFGY.PK, ANTO.L) reported that its Copper production in the first-quarter of 2016 was 157,100 tonnes, an increase of 7.3% on the first-quarter of 2015 with the first full quarter of production from Zaldívar...
Reuters  Apr 26  Comment 
Freeport-McMoRan Inc expects to have agreed $3 billion worth of asset sales by mid-year, its chief executive said on Tuesday, as the U.S. miner and oil producer tries to whittle...
The Australian  Apr 26  Comment 
Metals X will weigh up the merits of spinning off its base metals assets after snapping up the Nifty copper mine.
Reuters  Apr 25  Comment 
A tussle for control of a promising copper project in Serbia shows there is appetite for high quality mining assets in stable countries and may be a harbinger of further...
The Australian  Apr 25  Comment 
Acquisitive goldminer Metals X has triumphed in its six-month tussle for copper miner Aditya Birla.
Reuters  Apr 25  Comment 
* Nevsun Resources and Reservoir Minerals combine and consolidate Timok copper project ownership
Benzinga  Apr 22  Comment 
It is frequently said that copper is the industrial metal with a doctorate in forecasting economic trends – ence the moniker “Dr. Copper.” Conventional wisdom also states that Chinese demand is the primary driving force in the red metal's...




 


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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