Financial Times  Jul 31  Comment 
Zaldívar sale is first step in ‘collaborative partnership’ between miners
newratings.com  Jul 30  Comment 
OTTAWA (dpa-AFX) - Barrick Gold Corp. (ABX, ABX.TO) said Thursday that it has agreed to sell a 50% stake in the Zaldívar copper mine in Chile to Antofagasta Plc for US$1.005 billion in cash. Antofagasta will pay Barrick US$980 million in cash...
newratings.com  Jul 30  Comment 
LONDON (dpa-AFX) - Copper producer KAZ Minerals Plc (KAZ.L) reported that its second-quarter Copper cathode output was 17.6 kt, down from 19.9 kt in the same quarter last year. Total copper concentrate was 109.3 kt down from 115.8 kt in the prior...
WA Business News  Jul 30  Comment 
Encounter Resources shares dropped today after the announcement that Antofagasta Minerals Perth had withdrawn from the from its previous Yeneena copper project $US20 million farm-in agreement.
The Hindu Business Line  Jul 29  Comment 
The copper futures contract traded on the Multi Commodity Exchange (MCX) fell to a low of ₹334.15/kg on Monday and has reversed higher from there. It is currently trading near ₹342. If the...
The Australian  Jul 29  Comment 
Sandfire Resources boss Karl Simich has shrugged off the latest pessimistic assessment about the outlook for copper.


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.



  1. International Copper Study Group - Forecast 2008/2009, October 2008
  2. Freeport McMoRan Presentation, November 2008
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