QUOTE AND NEWS
New York Times  Jan 14  Comment 
It is unclear why Óscar Landerretche, or the copper company would be a target.
Reuters  Jan 11  Comment 
* AQM Copper receives final court order approving plan of arrangement and announces securityholder voting results
DailyFinance  Jan 11  Comment 
Filed under: Lifestyle, Pets A cat named Pretty Boy has taken a special liking to a pregnant goat named Copper in West Virginia. According to the cat rescue group Operation Fancy Free, Pretty Boy has been acting as a midwife and masseur...
The Economic Times  Jan 10  Comment 
Auto stocks advanced even though monthly sales growth rate slipped to a 16-year-low in Dec, with sales declining 18.66% as demonetisation hit the sector hard.




 


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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