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Copper

LME-PRICES COPPER (26/08/16)
close vol
Cash 4617 2
TOM
3 month 4626 16450
15 month 4669
27M 4709.3
63M 4797.5
123M 4819
LME-PRICES copper EUR (26/08/16)
close
Cash 4088.7
TOM
3 month 4096.7
15 month 4134.8
27M 4170.4
63M 4248.6
123M 4267.6
settlements (26/08/16)
Copper chg high low Limit hi Limit lo
AUG 16 2.0750 -0.001 2.0770 2.0750 2.6240 1.8240
SEP 16 2.0785 0.0005 2.0995 2.0705 2.4765 1.6765
OCT 16 2.0815 0.0020 2.1010 2.0750 2.4790 1.6790
NOV 16 2.0830 0.0020 2.0960 2.0775 2.4810 1.6810
DEC 16 2.0845 -0.002 2.1045 2.0775 2.4830 1.6830
JAN 17 2.0885 0 2.0980 2.0870 2.4870 1.6870
FEB 17 2.0910 -0.001 2.0925 2.0885 2.4895 1.6895
MAR 17 2.0930 -0.002 2.1125 2.0865 2.4915 1.6915
APR 17 2.0980 0 2.0960 2.0960 2.4960 1.6960
MAY 17 2.1 0 2.1190 2.0940 2.4980 1.6980
JUN 17 2.1035 0.0015 2.1030 2.1 2.5015 1.7015
JUL 17 2.1050 0.0020 2.1240 2.0995 2.5030 1.7030
AUG 17 2.1090 0.0110 2.1180 2.1180 2.5070 1.7070
SEP 17 2.11 0.0005 2.13 2.1085 2.5080 1.7080
OCT 17 2.1130 0.0065 2.1175 2.1175 2.5110 1.7110
NOV 17 2.1145 0.0080 2.1205 2.12 2.5125 1.7125
DEC 17 2.1160 0.0060 2.12 2.12 2.5140 1.7140
JAN 18 2.1180 0.0140 2.13 2.13 2.5160 1.7160
FEB 18 2.12 0.0930 2.2110 2.2110 2.5180 1.7180
MAR 18 2.1210 0.0610 2.18 2.1680 2.5190 1.7190
APR 18 2.1230 0.0930 2.2140 2.19 2.5210 1.7210
MAY 18 2.1240 0.0990 2.2210 2.2215 2.5220 1.7220
JUN 18 2.1255 2.5235 1.7235
JUL 18 2.1260 0.1135 2.2375 2.2375 2.5240 1.7240
SHFE (26/08/16)
close high low vol
AUG 16 37000 5607.5 5465.8 5870
SEP 16 36350 5486.6 5429.6 8106
OCT 16 36300 5491.1 5429.6 113090
NOV 16 36320 5495.6 5432.6 41010
DEC 16 36350 5500.1 5438.6 8006
JAN 17 36400 5507.6 5449.1 1780
FEB 17 36460 5510.6 5467.1 48
MAR 17 36520 5525.6 5470.1 40
APR 17 36580 5518.1 5485.1 22
MAY 17 36620 5545.1 5491.1 82
JUN 17 36800 5549.6 5512.1 12
JUL 17 36760 5558.6 5510.6 14

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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.