QUOTE AND NEWS
Afghan Mineral Treasures Stay Buried, Hostages To Uncertainty
NPR  May 18  Comment 
Afghanistan is believed to be home to world-class mineral deposits, valued at up to $3 trillion and offering hope for the country's economic future. But in the current environment of uncertainty, investors are nervous and it could be many years...
What's the fair value for copper?
Commodity Online  May 18  Comment 
LME Copper prices may average $7 673 ton in 2013: Barclays
Commodity Online  May 18  Comment 
The main movements in fundamentals since Q2 13 have actually been price-supportive. The copper market has been relatively tight, and the global stocks-to-consumption ratio started falling and is estimated to be 3.6 weeks of demand in May (versus...
Copper prices above $7 500 t is an opportunity to short: Barclays
Commodity Online  May 18  Comment 
DRC sees copper concentrate ban in full force by July, August
Mining Weekly  May 17  Comment 
Democratic Republic of Congo (DRC) expects its ban on the export of copper and cobalt concentrates to come into full force by July or August, as it presses mining companies to process and refine the metals within its borders, the Mines Minister...
Freeport Indonesia mine should stay shut to probe tunnel collapse - union
Mining Weekly  May 17  Comment 
Freeport McMoRan Copper & Gold Inc's Indonesian copper mine should remain closed for an investigation into a tunnel collapse that has left five dead and 23 missing, a trade union leader said on Friday. Thirty-nine workers were attending an...
St Augustine Gold and Copper announces $11m private placement
Mining Weekly  May 16  Comment 
Toronto-listed St Augustine Gold and Copper, which is developing the King-King copper/gold project, in the Philippines, on Thursday announced a private placement with Queensberry Mining and Development for $11-million. The private placement saw...
Panoro projects progress as Peru seeks to double copper output
Mining Weekly  May 16  Comment 
King copper’s crown recently slipped in Peru; formally the second-largest producer of the red metal, the country was pushed into third place by China during 2011, according to the International Copper Study Group’s 2012 fact book. Peru is...
Vedanta's Dubai unit exporting copper to Sterlite's India clients
Reuters  May 16  Comment 
Vedanta Resources Plc's Dubai unit is exporting 4,000 tonnes of refined copper a month to customers of Sterlite Industries, whose copper smelter was shut after complaints of emissions, Sterlite's copper business chief said.
MCX Copper Lead and Nickel may trade negative on weak global cues
Commodity Online  May 16  Comment 
For intra-day, the commodity has immediate support at 392 and amp; 388 levels while resistance at 398 and 400.5 levels. Intra-day traders may take advantage both sides. Also, support for the copper futures on London Metal Exchange (LME) is seen at...




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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.

Contents

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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