QUOTE AND NEWS
MedPage Today  3 hrs ago  Comment 
(MedPage Today) -- Also, appendicitis linked to industrialization
The Hindu Business Line  8 hrs ago  Comment 
The copper futures contract traded on the Multi Commodity Exchange (MCX) has been consolidating between ₹364 and ₹375 per kg over the past week. The contract is currently trading near ₹372...
Forbes  10 hrs ago  Comment 
Here’s a bit of energizing news: In 2014, for the first time in four decades, the global economy grew along with energy demand without an increase in global carbon emissions.
WA Business News  Jul 1  Comment 
The mining arm of Cimic Group has won a $137 million operations contract at the Encuentro Oxides open pit copper mine in Chile, in partnership with local mining equipment supplier Emeco Holdings.
The Australian  Jun 30  Comment 
CIMIC Group’s mining company Thiess has signed a $137m services agreement for a copper development in Chile.
The Australian  Jun 30  Comment 
CuDeco will struggle to complete its Rocklands copper mine in Queensland after shareholders rejected a $45m raising.
Reuters  Jun 30  Comment 
* Sources doubt X2 ability to close first deal (Adds comments from second source, X2)
The Hindu Business Line  Jun 29  Comment 
After remaining non-operational for over 10 months, Hindustan Copper Ltd’s Surda mine in Jharkhand has resumed operation last week.The mine production is expected to reach 1,250 tonn...
Financial Times  Jun 29  Comment 
Bearish bets on copper reversed as Shanghai shares slide




 


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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