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Copper

LME-PRICES COPPER (02/12/16)
close vol
Cash 5788
TOM
3 month 5791 13592
15 month 5778
27M 5753.5
63M 5719.5
123M 5719.5
LME-PRICES copper EUR (02/12/16)
close
Cash 5445.0
TOM
3 month 5447.8
15 month 5435.6
27M 5412.5
63M 5380.5
123M 5380.5
settlements (02/12/16)
Copper chg high low Limit hi Limit lo
DEC 16 2.6150 -0.014 2.6245 2.5870 3.0680 2.2680
JAN 17 2.6185 -0.016 2.6275 2.5910 3.0350 2.2350
FEB 17 2.6220 -0.016 2.6265 2.5950 3.0390 2.2390
MAR 17 2.6250 -0.017 2.6385 2.5965 3.0430 2.2430
APR 17 2.6285 -0.018 2.6295 2.6125 3.0465 2.2465
MAY 17 2.6310 -0.016 2.6415 2.6035 3.0490 2.2490
JUN 17 2.6330 -0.015 2.6365 2.6310 3.0515 2.2515
JUL 17 2.6335 -0.015 2.6470 2.6085 3.0525 2.2525
AUG 17 2.6345 -0.127 3.0540 2.2540
SEP 17 2.6340 -0.022 2.6335 2.63 3.0535 2.2535
OCT 17 2.6340 -0.362 3.0535 2.2535
NOV 17 2.6330 -0.201 3.0530 2.2530
DEC 17 2.6335 -0.041 2.6250 2.6090 3.0535 2.2535
JAN 18 2.6325 -0.523 3.0525 2.2525
FEB 18 2.6325 -0.442 3.0525 2.2525
MAR 18 2.63 -0.433 3.0510 2.2510
APR 18 2.6280 -0.436 3.0495 2.2495
MAY 18 2.6265 -0.427 3.0480 2.2480
JUN 18 2.6250 3.0465 2.2465
JUL 18 2.6235 -0.408 3.0450 2.2450
AUG 18 2.6220 3.0440 2.2440
SEP 18 2.6205 -0.523 3.0425 2.2425
OCT 18 2.6205 3.0430 2.2430
NOV 18 2.6205 3.0430 2.2430
SHFE (02/12/16)
close high low vol
DEC 16 46700 6792.1 6686.0 810
JAN 17 46580 6806.6 6697.7 27228
FEB 17 46750 6828.4 6712.2 141052
MAR 17 46810 6840.0 6726.7 19854
APR 17 46850 6847.3 6735.4 3044
MAY 17 46900 6854.6 6738.3 2006
JUN 17 46820 6841.5 6738.3 338
JUL 17 46900 6813.9 6792.1 10
AUG 17 47310 6873.5 6793.6 30
SEP 17 47430 6944.7 6808.1 20
OCT 17 47390 6885.1 6822.6 8
NOV 17 47510 6902.5 6902.5 2

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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.