­

Copper

LME-PRICES COPPER (27/05/16)
close vol
Cash 4682 10
TOM 7183
3 month 4661 13455
15 month 4662.5
27M 4674.8
63M 4696
123M 4696
LME-PRICES copper EUR (27/05/16)
close
Cash 4193.1
TOM 6432.9
3 month 4174.3
15 month 4175.6
27M 4186.6
63M 4205.6
123M 4205.6
settlements (27/05/16)
Copper chg high low Limit hi Limit lo
MAY 16 2.1065 -0.001 2.1180 2.1055 2.6420 1.8420
JUN 16 2.1140 0.0060 2.1215 2.0905 2.5035 1.7035
JUL 16 2.1140 0.0035 2.13 2.0905 2.5025 1.7025
AUG 16 2.1190 0.0090 2.1320 2.1095 2.5075 1.7075
SEP 16 2.1215 0.0075 2.1360 2.0990 2.51 1.71
OCT 16 2.1260 0.0010 2.1155 2.1155 2.5145 1.7145
NOV 16 2.1275 0.0115 2.1275 2.1275 2.5160 1.7160
DEC 16 2.1285 0.01 2.1435 2.1165 2.5170 1.7170
JAN 17 2.1325 0.0015 2.1225 2.1225 2.5210 1.7210
FEB 17 2.1335 0.0015 2.1235 2.1235 2.5220 1.7220
MAR 17 2.1335 0.0105 2.1390 2.1145 2.5225 1.7225
APR 17 2.1370 0.0015 2.1275 2.1275 2.5260 1.7260
MAY 17 2.1380 0.0115 2.1385 2.1385 2.5270 1.7270
JUN 17 2.1415 -0.053 2.0775 2.0775 2.5305 1.7305
JUL 17 2.1435 -0.039 2.0945 2.0940 2.5325 1.7325
AUG 17 2.1470 -0.018 2.1180 2.1180 2.5360 1.7360
SEP 17 2.1490 -0.021 2.1175 2.1175 2.5380 1.7380
OCT 17 2.1525 -0.042 2.1 2.1 2.5415 1.7415
NOV 17 2.1550 -0.044 2.1 2.1 2.5440 1.7440
DEC 17 2.1540 -0.045 2.1 2.0980 2.5430 1.7430
JAN 18 2.1550 0.0735 2.2175 2.2175 2.5440 1.7440
FEB 18 2.1555 0.0730 2.2175 2.2175 2.5445 1.7445
MAR 18 2.1560 0.0725 2.2175 2.2175 2.5450 1.7450
APR 18 2.1560 2.5450 1.7450
SHFE (27/05/16)
close high low vol
MAY 16 35510 5592.0 5368.1 3940
JUN 16 35870 5510.9 5424.0 37704
JUL 16 35910 5520.1 5430.1 305036
AUG 16 35840 5520.1 5428.6 229682
SEP 16 35890 5520.1 5431.7 53560
OCT 16 35890 5521.6 5434.7 7586
NOV 16 35940 5524.6 5439.3 786
DEC 16 35960 5527.7 5445.4 390
JAN 17 36000 5532.3 5449.9 328
FEB 17 36020 5510.9 5454.5 298
MAR 17 36060 5535.3 5463.7 38
APR 17 36110 5533.8 5469.8 88

Interested in real time pricing?

REQUEST A FREE TRIAL

London Metal Exchange LME Copper

The copper market is constantly changing, besides product information there is a rapidly growing need for real-time price information and stock information of LME copper.

The LME copper contract is the second largest traded contract on the LME (London Metal Exchange). Copper prices are very important for many companies. The prices, opening stocks and the forward price curve for copper are available in our real-time software. Additionally we give access to average copper prices, history, trade prices, trend charts, news and much more.

Copper theft

At the beginning of the crisis in 2008 there was many news about copper thefts. All the news was about stolen copper like, clocks, lightning, power lines, covers and pipelines. Copper was a very popular product for many thieves. Thefts have temporarily been somewhat less, but in recent months the copper thief is back again. The cause of copper theft is obviously rising copper prices, making it very lucrative for thieves to steal this metal and sell it for cash.

Mining

At this time a total of one third of all copper ore in the world comes from mines in Chile. Besides Chile, America and Peru also produce copper. America and Peru account for sixteen percent of the total world production of this metal.

The biggest copper mines are therefore in Chile. In the eighties there were several large mining projects designed to insure that the copper supply in subsequent years grew considerably. That time has passed by. In the first year, copper mining is easy but eventually the copper mine gets exhausted, making the production of copper go down. Then it becomes increasingly difficult to win copper ore. An additional disadvantage is that subsequently the quality of copper significantly goes down.

The largest miners in the world, BHP Billiton, Xstrata and Freeport McMoran have great difficulty in meeting the growing demand. During the past five years, these miners have unfortunately not succeeded in their goals in relation to the achievements of the copper extraction.

New mines

Most major copper producers try to replace the drop in production by starting new mining projects in the world and then try to win new copper ore quickly. This is a logical but a very time-consuming decision. The development of new copper mines takes an average ten years and requires huge capital investment.

Fluctuation

With rapidly changing development of copper prices on the LME for companies dealing in this metal, such as construction business, dealers and installers, it is very important to respond immediately to price fluctuations. This information can earn or save companies a lot of money and will directly hit their profit. This requires real-time copper LME pricing information, enabling these companies to respond quickly to price fluctuations on the market.