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Copper

LME-PRICES COPPER (13/01/17)
close vol
Cash 5813.8
TOM
3 month 5842 17745
15 month 5871
27M 5864
63M 5844
123M 5844
LME-PRICES copper EUR (13/01/17)
close
Cash 5462.0
TOM
3 month 5488.5
15 month 5515.8
27M 5509.2
63M 5490.4
123M 5490.4
settlements (13/01/17)
Copper chg high low Limit hi Limit lo
JAN 17 2.6805 0.0185 2.6790 2.6410 2.9080 2.1080
FEB 17 2.6850 0.0180 2.6860 2.6440 3.0665 2.2665
MAR 17 2.69 0.0180 2.6935 2.6420 3.0715 2.2715
APR 17 2.6945 0.0185 2.6945 2.6750 3.0760 2.2760
MAY 17 2.6990 0.0175 2.7020 2.6515 3.0805 2.2805
JUN 17 2.7025 0.0145 2.6995 2.68 3.0850 2.2850
JUL 17 2.7055 0.0165 2.7080 2.66 3.0880 2.2880
AUG 17 2.7090 0.0150 2.7070 2.7070 3.0920 2.2920
SEP 17 2.7115 0.0155 2.7120 2.6725 3.0950 2.2950
OCT 17 2.7140 0.0150 2.7125 2.7125 3.0975 2.2975
NOV 17 2.7150 -0.068 2.6315 2.6315 3.0990 2.2990
DEC 17 2.7160 0.0135 2.72 2.6775 3.1005 2.3005
JAN 18 2.7170 -0.131 2.5705 2.5705 3.1015 2.3015
FEB 18 2.7175 -0.133 2.57 2.57 3.1025 2.3025
MAR 18 2.7180 0.0175 2.7210 2.7190 3.1035 2.3035
APR 18 2.7190 -0.491 3.1045 2.3045
MAY 18 2.7185 -0.014 2.69 2.69 3.1040 2.3040
JUN 18 2.7185 3.1040 2.3040
JUL 18 2.7185 -0.014 2.69 2.69 3.1040 2.3040
AUG 18 2.7185 3.1040 2.3040
SEP 18 2.7185 -0.014 2.69 2.69 3.1040 2.3040
OCT 18 2.7185 3.1040 2.3040
NOV 18 2.7185 3.1040 2.3040
DEC 18 2.7185 -0.057 2.7495 2.6475 3.1040 2.3040
SHFE (13/01/17)
close high low vol
JAN 17 47300 6856.7 6839.3 190
FEB 17 47900 6972.6 6824.8 10340
MAR 17 48140 7001.6 6846.5 171746
APR 17 48250 7016.1 6863.9 19116
MAY 17 48370 7036.4 6884.2 5318
JUN 17 48490 7055.3 6904.5 986
JUL 17 48590 7066.9 6911.8 44
AUG 17 48690 7074.1 6950.9 42
SEP 17 48880 7085.7 6958.1 96
OCT 17 49100 7117.6 7000.2 60
NOV 17 49180 7143.7 6987.1 44
DEC 17 49350 7168.3 7035.0 42

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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.