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Copper

LME-PRICES COPPER (16/03/17)
close vol
Cash 5843
TOM
3 month 5864 13885
15 month 5885
27M 5872
63M 5841
123M 5841
LME-PRICES copper EUR (16/03/17)
close
Cash 5444.0
TOM
3 month 5463.5
15 month 5483.1
27M 5471.0
63M 5442.1
123M 5442.1
settlements (16/03/17)
Copper chg high low Limit hi Limit lo
MAR 17 2.6655 0.0205 2.6830 2.6620 3.0435 2.2435
APR 17 2.6715 0.0195 2.6905 2.6675 3.0515 2.2515
MAY 17 2.6775 0.02 2.6975 2.6665 3.0565 2.2565
JUN 17 2.6840 0.0195 2.7020 2.6755 3.0635 2.2635
JUL 17 2.6920 0.0195 2.7110 2.6805 3.0710 2.2710
AUG 17 2.6985 0.0130 2.6905 2.6895 3.0775 2.2775
SEP 17 2.7045 0.0160 2.7220 2.6990 3.0835 2.2835
OCT 17 2.7105 0.0170 2.7065 2.7065 3.0895 2.2895
NOV 17 2.7145 0.0240 2.7175 2.7175 3.0935 2.2935
DEC 17 2.7180 0.0195 2.7325 2.7120 3.0970 2.2970
JAN 18 2.7225 -0.047 2.6550 2.6550 3.1015 2.3015
FEB 18 2.7265 -0.029 2.6775 2.6775 3.1060 2.3060
MAR 18 2.7295 0.0165 2.7445 2.7250 3.1090 2.3090
APR 18 2.7330 0.0215 2.7340 2.7340 3.1125 2.3125
MAY 18 2.7355 -0.004 2.7115 2.7115 3.1150 2.3150
JUN 18 2.7380 3.1175 2.3175
JUL 18 2.7395 0.0225 2.7490 2.6715 3.1190 2.3190
AUG 18 2.7415 3.1210 2.3210
SEP 18 2.7425 0.0160 2.7530 2.6760 3.1220 2.3220
OCT 18 2.7185 3.1040 2.3040
NOV 18 2.7185 3.1040 2.3040
DEC 18 2.7445 0.0160 2.7560 2.6720 3.1240 2.3240
JAN 19
FEB 19
SHFE (16/03/17)
close high low vol
MAR 17 47220 6831.4 6705.5 8270
APR 17 47750 6963.3 6905.3 16034
MAY 17 47950 6999.5 6938.6 102114
JUN 17 48130 7022.7 6960.4 11820
JUL 17 48280 7038.6 6985.00 940
AUG 17 48370 7051.7 6999.5 132
SEP 17 48450 7079.2 7016.9 74
OCT 17 48560 7082.1 7034.3 64
NOV 17 48640 7087.9 7048.8 34
DEC 17 48750 7114.0 7060.4 94
JAN 18 48900 7132.8 7083.5 74
FEB 18 49010 7102.4 7102.4 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.