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Copper

LME-PRICES COPPER (27/09/16)
close vol
Cash 4819.3 2
TOM
3 month 4841 15262
15 month 4885
27M 4915
63M 4995
123M 5015
LME-PRICES copper EUR (27/09/16)
close
Cash 4292.9
TOM
3 month 4312.3
15 month 4351.5
27M 4378.2
63M 4449.5
123M 4467.3
settlements (27/09/16)
Copper chg high low Limit hi Limit lo
SEP 16 2.1615 -0.024 2.1850 2.1605 2.4785 1.6785
OCT 16 2.1630 -0.024 2.1775 2.1550 2.5920 1.7920
NOV 16 2.1675 -0.025 2.1930 2.1675 2.5955 1.7955
DEC 16 2.1710 -0.026 2.1965 2.1610 2.5985 1.7985
JAN 17 2.1760 -0.025 2.1810 2.1780 2.6035 1.8035
FEB 17 2.1790 -0.024 2.1840 2.1825 2.6060 1.8060
MAR 17 2.1815 -0.026 2.2055 2.1715 2.6085 1.8085
APR 17 2.1865 -0.002 2.2120 2.2120 2.6135 1.8135
MAY 17 2.1885 -0.024 2.21 2.1785 2.6155 1.8155
JUN 17 2.1930 0.0015 2.2215 2.2215 2.62 1.82
JUL 17 2.1940 -0.024 2.2150 2.1855 2.6210 1.8210
AUG 17 2.1980 0.0025 2.2275 2.2275 2.6250 1.8250
SEP 17 2.1985 -0.028 2.1975 2.1935 2.6255 1.8255
OCT 17 2.2020 0.0005 2.23 2.23 2.6295 1.8295
NOV 17 2.2030 -0.110 2.1205 2.12 2.6305 1.8305
DEC 17 2.2040 -0.027 2.2090 2.1970 2.6315 1.8315
JAN 18 2.2065 -0.104 2.13 2.13 2.6340 1.8340
FEB 18 2.2085 -0.025 2.2110 2.2110 2.6360 1.8360
MAR 18 2.2095 -0.062 2.1750 2.1750 2.6370 1.8370
APR 18 2.2115 -0.025 2.2140 2.19 2.6390 1.8390
MAY 18 2.2125 -0.019 2.2210 2.2215 2.64 1.84
JUN 18 2.2140 2.6415 1.8415
JUL 18 2.2145 -0.005 2.2375 2.2375 2.6420 1.8420
AUG 18 2.2150 2.6425 1.8425
SHFE (27/09/16)
close high low vol
SEP 16 37150 5569.2 5539.2 2010
OCT 16 37360 5637.0 5587.5 9042
NOV 16 37400 5635.5 5586.0 91600
DEC 16 37450 5640.0 5589.0 49556
JAN 17 37480 5643.0 5595.0 10576
FEB 17 37480 5647.5 5601.0 540
MAR 17 37510 5662.4 5611.5 116
APR 17 37600 5638.5 5631.0 6
MAY 17 37500 5657.9 5623.5 172
JUN 17 37630 5646.0 5623.5 26
JUL 17 37690 5652.0 5631.0 12
AUG 17 37670 5653.5 5634.0 12

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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.