QUOTE AND NEWS
Reuters  2 hrs ago  Comment 
Canadian miner Teck Resources Ltd reported a 68.5 percent drop in quarterly earnings on Wednesday, hurt by lower prices for steelmaking coal and a fall in copper production.
newratings.com  5 hrs ago  Comment 
LONDON (dpa-AFX) - Copper mining company Antofagasta PLC (ANFGY.PK) (ANTO.L) Wednesday said its third-quarter production of copper and gold declined from second quarter. The company also said it is on track to meet its full-year production...
Financial Times  5 hrs ago  Comment 
The 77-year-old was three years into his term after winning 2011 elections in Africa’s second-largest copper producer
Reuters  Oct 28  Comment 
** Gold and copper miner's shares down 4.3 pct at $28.98 - lowest in more than a year
Financial Times  Oct 28  Comment 
China has started to take delivery of more red metal, traders say
Canada.com  Oct 28  Comment 
"For sure we would prefer to see supply constraint in copper in 2015, but it's not as bad as it seems."
Reuters  Oct 28  Comment 
Gold and copper miner Freeport-McMoRan Inc reported a 32 percent drop in quarterly profit, hurt by lower prices of the metals.




 


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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