QUOTE AND NEWS
The Hindu Business Line  Dec 13  Comment 
State-owned Hindustan Copper (HCL) has reopened the Kendadih Copper Mine in Ghatsila, Jharkhand, on December 11, after almost 17 years. The mine was closed in February 2000 due to economic reasons. ...
The Economic Times  Dec 13  Comment 
HCL completed the de-watering activity, installed and commissioned the mining infrastructure and restarted mining activities, after obtaining all statutory approvals.
guardian.co.uk  Dec 11  Comment 
Community groups accuse PNG government of keeping documents for its approval under wraps A controversial experimental deep-sea mine is being challenged in court by environmental groups who have accused the Papua New Guinea government of...
Channel News Asia  Dec 8  Comment 
Japanese Industrial Standards (JIS) certification for copper and copper alloy seamless pipes produced by Kobe Steel Ltd's unit Shinko Metal Products has been suspended, the nation's trade ministry said on Friday.
WA Business News  Dec 7  Comment 
Finders Resources’ second-largest largest shareholder, Taurus Funds Management, has rejected a 23-cents-a-share bid for the copper miner by Indonesian group Eastern Field Developments.
Channel News Asia  Dec 7  Comment 
Asian shares held close to a two-month low on Thursday as softer oil and copper as well as U.S. policy uncertainty kept sentiment in check, while high-tech stocks struggled to recover after a searing sell-off.
The Hindu Business Line  Dec 6  Comment 
Shanghai copper fell more than 3 per cent on Wednesday, tracking a steep drop on the LME as investors wound in profits on concerns China could see a weaker first half of next year. Analysts said b...
WA Business News  Dec 5  Comment 
Finders Resources has urged its shareholders to reject a takeover bid from Indonesian group Eastern Field Developments after independent expert Deloitte valued the copper miner well above the 23 cents offer price, despite Finders’ share price...
WA Business News  Dec 5  Comment 




 


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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