QUOTE AND NEWS
Mining Weekly  4 hrs ago  Comment 
Australia's Intrepid Mines Ltd is learning that business in Indonesia is personal as it wages a difficult fight to win back rights to a $5-billion copper and gold prospect in East Java. Intrepid was booted off the site last year by its Indonesian...
Mining Weekly  4 hrs ago  Comment 
Zambia's Mopani Copper Mines owned by Glencore Xstrata plans to raise annual copper output to 170 000 t from 120 000 t within five years after investing in new projects and upgrades, its CEO said on Wednesday. Zambia, Africa's top copper...
Mondo Visione  7 hrs ago  Comment 
A new exchange traded commodity issued by db ETC Index plc has been tradable on Xetra since Wednesday. ETC name: db Copper Booster ETC (EUR) Asset class: Commodities ISIN: DE000A1XVBJ3 Total expense ratio: 0.45 percent Benchmark:...
Commodity Online  7 hrs ago  Comment 
Commodity Online  Jun 19  Comment 
and ldquo;Sentiment among traders in China has shifted from short-term bullish to cautious on copper. On the one hand, refined supply remains tight in China due to smelter maintenance and scrap shortage, and physical premiums remained at elevated...
Commodity Online  Jun 19  Comment 
For intra-day, support for the commodity is seen at 406 and 403 levels while resistance is seen at 413 and 417.5 levels. and nbsp;Intra-day traders may take short position near 413 with the stop loss above 417.5 and can wait for the target at 406...
Mining Weekly  Jun 18  Comment 
Indonesia's government may decide this week on whether to allow Freeport McMoRan Copper and Gold Inc to resume open-pit mining, the Minister of Energy and Mineral Resources said on Tuesday, five weeks after a tunnel collapse killed 28...
Commodity Online  Jun 18  Comment 
For intra-day, support for the base metal is seen at 407 and 403 levels while resistance is seen at 413. If prices break the level of 413 then the next resistance is seen at 417.5 level. and nbsp;Traders may take short position near 413 with the...




 


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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