QUOTE AND NEWS
Reuters  7 hrs ago  Comment 
Indonesia's mining ministry recommended renewing the export licence for the local unit of U.S. copper and gold miner Newmont Mining Corp to export copper concentrate for...
The Economic Times  May 23  Comment 
State-owned copper major, HCL has received the Industry Leadership Award – Base Metals at the 2016 Platts Global Metals Awards, held in London on May 19, 2016.
newratings.com  May 23  Comment 
WASHINGTON (dpa-AFX) - Trading in the U.S. index futures suggests that Wall Street stocks may open Monday's session modestly lower after turning in a mixed performance last week on worries about impending interest rate rises by the Federal...
Automotive World  May 20  Comment 
The Infiniti Concept Vision Gran Turismo made its first-ever appearance outside of China at the Copper Box in Olympic Park, London, during the launch of a new game, Grand Turismo Sport. Displayed alongside seven other full-size concept cars, the...
The Times of India  May 20  Comment 
Chuquicamata, Chile, May 20, 2016 (AFP) -Chilean miners at one of the world's biggest open-pit mines will soon be digging for copper underground, in a move to extend the life of the century-old site for 40 years.
The Hindu Business Line  May 18  Comment 
The copper futures contract traded on the Multi Commodity Exchange (MCX) has been on short-term downtrend ever since it hit the key resistance at ₹340 per kg on May 2. While trending down, the contrac...
The Economic Times  May 16  Comment 
The Shahupuri police on Thursday arrested a gang of five that was allegedly involved in theft of Bharat Sanchar Nigam Limited (BSNL) copper cables in the city ten months ago.
Reuters  May 14  Comment 
Codelco, the world's biggest copper exporter, has received many approaches over the sale of mining assets, including Freeport's El Abra stake, chairman Oscar Landerretche...
TheStreet.com  May 13  Comment 
Amid the rout in oil prices, Freeport-McMoRan , the largest copper miner in the world, has been a silver lining. The Phoenix-based company also has exposure in oil and gas exploration. On a year-to-date basis, the company's shares have soared...




 


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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