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Copper

LME-PRICES COPPER (21/06/17)
close vol
Cash 5630.5
TOM
3 month 5657 19768
15 month 5713.5
27M 5734
63M 5733
123M 5733
LME-PRICES copper EUR (21/06/17)
close
Cash 5053.4
TOM
3 month 5077.2
15 month 5127.9
27M 5146.3
63M 5145.4
123M 5145.4
settlements (21/06/17)
Copper chg high low Limit hi Limit lo
JUN 17 2.6020 0.0425 2.5975 2.54 2.9920 2.1920
JUL 17 2.6020 0.0410 2.6090 2.5395 2.9545 2.1545
AUG 17 2.6085 0.0350 2.6115 2.5640 2.9640 2.1640
SEP 17 2.6150 0.0355 2.6215 2.5570 2.9720 2.1720
OCT 17 2.6215 0.0345 2.6175 2.5805 2.9785 2.1785
NOV 17 2.6265 0.0335 2.6235 2.5730 2.9835 2.1835
DEC 17 2.6310 0.0360 2.6370 2.5740 2.9880 2.1880
JAN 18 2.6365 0.0355 2.6290 2.5830 2.9935 2.1935
FEB 18 2.6405 0.0020 2.6360 2.5915 2.9975 2.1975
MAR 18 2.6425 0.0335 2.6440 2.5930 2.9995 2.1995
APR 18 2.6480 -0.001 2.6045 2.6040 3.0050 2.2050
MAY 18 2.6490 0.0345 2.6480 2.6405 3.0060 2.2060
JUN 18 2.6535 0.0020 2.6485 2.6070 3.0105 2.2105
JUL 18 2.6555 0 2.6415 2.6125 3.0125 2.2125
AUG 18 2.66 0.0360 2.6530 2.6530 3.0170 2.2170
SEP 18 2.6615 0 2.6475 2.6185 3.0185 2.2185
OCT 18 2.7185 3.1040 2.3040
NOV 18 2.7185 3.1040 2.3040
DEC 18 2.6660 0.0060 2.6520 2.6290 3.0230 2.2230
JAN 19
FEB 19
MAR 19 2.6695 0.0130 2.6395 2.6395 3.0265 2.2265
APR 19
MAY 19 2.6705 3.0275 2.2275
SHFE (21/06/17)
close high low vol
JUN 17 45310 6701.2 6652.7 4960
JUL 17 46080 6759.5 6705.3 11136
AUG 17 46180 6774.2 6715.6 127400
SEP 17 46240 6784.4 6727.3 40510
OCT 17 46380 6800.5 6744.9 7832
NOV 17 46550 6824.0 6755.1 662
DEC 17 46710 6847.4 6793.2 474
JAN 18 46910 6870.8 6821.0 244
FEB 18 47080 6895.7 6848.9 92
MAR 18 47220 6916.3 6876.7 100
APR 18 47350 6938.2 6891.4 142
MAY 18 47450 6949.9 6908.9 266

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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.