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Copper

LME-PRICES COPPER (03/05/16)
close vol
Cash 5064 10
TOM 7183
3 month 5050 26067
15 month 5039
27M 5039
63M 5049
123M 5049
LME-PRICES copper EUR (03/05/16)
close
Cash 4378.4
TOM 6210.4
3 month 4366.2
15 month 4356.7
27M 4356.7
63M 4365.4
123M 4365.4
settlements (03/05/16)
Copper chg high low Limit hi Limit lo
MAY 16 2.2145 -0.052 2.2565 2.2080 2.6420 1.8420
JUN 16 2.2160 -0.052 2.2625 2.2095 2.6640 1.8640
JUL 16 2.2190 -0.052 2.2695 2.2110 2.6665 1.8665
AUG 16 2.2225 -0.048 2.2225 2.2160 2.67 1.87
SEP 16 2.2255 -0.052 2.2750 2.2180 2.6725 1.8725
OCT 16 2.2285 -0.053 2.27 2.2225 2.6755 1.8755
NOV 16 2.23 -0.039 2.2385 2.2385 2.6770 1.8770
DEC 16 2.2310 -0.047 2.28 2.2255 2.6780 1.8780
JAN 17 2.2330 -0.044 2.26 2.2355 2.68 1.88
FEB 17 2.2340 -0.018 2.2625 2.2620 2.6805 1.8805
MAR 17 2.2345 -0.047 2.2515 2.2340 2.6810 1.8810
APR 17 2.2375 -0.089 2.1940 2.1940 2.6830 1.8830
MAY 17 2.2380 -0.045 2.2530 2.2390 2.6840 1.8840
JUN 17 2.24 -0.108 2.1780 2.1780 2.6860 1.8860
JUL 17 2.2415 -0.032 2.2555 2.2555 2.6870 1.8870
AUG 17 2.2440 -0.090 2.1985 2.1985 2.6885 1.8885
SEP 17 2.2450 -0.045 2.2450 2.2450 2.69 1.89
OCT 17 2.2470 -0.076 2.2160 2.2160 2.6915 1.8915
NOV 17 2.2480 -0.075 2.2180 2.2180 2.6925 1.8925
DEC 17 2.2485 0.0150 2.3080 2.3080 2.6930 1.8930
JAN 18 2.2490 -0.076 2.2175 2.2175 2.6935 1.8935
FEB 18 2.2495 -0.077 2.2175 2.2175 2.6940 1.8940
MAR 18 2.2495 -0.077 2.2175 2.2175 2.6940 1.8940
APR 18 2.2495 2.6940 1.8940
SHFE (03/05/16)
close high low vol
MAY 16 37240 5815.0 5722.5 2160
JUN 16 37280 5819.7 5733.3 74148
JUL 16 37290 5827.4 5736.4 167608
AUG 16 37340 5833.5 5741.0 27504
SEP 16 37420 5855.1 5750.3 9062
OCT 16 37510 5842.8 5756.4 1110
NOV 16 37440 5845.9 5770.3 90
DEC 16 37470 5850.5 5768.8 356
JAN 17 37560 5859.8 5776.5 110
FEB 17 37470 5864.4 5779.6 38
MAR 17 37570 5867.5 5784.2 34
APR 17 37580 5869.0 5796.5 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.