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Copper

LME-PRICES COPPER (05/07/17)
close vol
Cash 5867.3
TOM
3 month 5892 18469
15 month 5956.5
27M 5983
63M 5985
123M 5985
LME-PRICES copper EUR (05/07/17)
close
Cash 5177.6
TOM
3 month 5199.4
15 month 5256.4
27M 5279.7
63M 5281.5
123M 5281.5
settlements (05/07/17)
Copper chg high low Limit hi Limit lo
JUL 17 2.6490 -0.034 2.6760 2.6330 3.0470 2.2470
AUG 17 2.6540 -0.035 2.6830 2.64 3.0865 2.2865
SEP 17 2.66 -0.034 2.6915 2.6435 3.0930 2.2930
OCT 17 2.6670 -0.035 2.6950 2.66 3.1 2.3
NOV 17 2.6735 0.0190 2.7255 2.7150 3.1065 2.3065
DEC 17 2.6785 -0.034 2.7075 2.6615 3.1105 2.3105
JAN 18 2.6850 -0.034 2.6830 2.6830 3.1165 2.3165
FEB 18 2.6885 -0.030 2.7015 2.69 3.1195 2.3195
MAR 18 2.6905 -0.033 2.7145 2.6765 3.1210 2.3210
APR 18 2.6955 0.0115 2.7365 2.7365 3.1250 2.3250
MAY 18 2.6970 -0.037 2.7130 2.6865 3.1265 2.3265
JUN 18 2.7020 -0.002 2.7285 2.7285 3.1305 2.3305
JUL 18 2.7040 -0.036 2.7165 2.6960 3.1320 2.3320
AUG 18 2.7085 -0.083 2.6530 2.6530 3.1360 2.3360
SEP 18 2.71 -0.033 2.7040 2.7040 3.1370 2.3370
OCT 18 2.7185 3.1040 2.3040
NOV 18 2.7185 3.1040 2.3040
DEC 18 2.7140 -0.050 2.6985 2.6510 3.1405 2.3405
JAN 19
FEB 19
MAR 19 2.7175 -0.009 2.7350 2.7350 3.1440 2.3440
APR 19
MAY 19 2.7185 3.1450 2.3450
JUN 19
SHFE (05/07/17)
close high low vol
JUL 17 46790 6881.5 6838.8 4520
AUG 17 46760 6894.7 6852.1 37796
SEP 17 46870 6906.5 6865.3 78902
OCT 17 46990 6925.6 6885.9 10138
NOV 17 47170 6941.8 6906.5 1704
DEC 17 47330 6966.8 6922.7 476
JAN 18 47350 6990.3 6958.0 106
FEB 18 47680 7021.2 6994.7 66
MAR 18 47960 7053.6 7022.7 96
APR 18 48100 7085.9 7053.6 290
MAY 18 48370 7124.2 7084.5 358
JUN 18 48520 7147.7 7115.3 128

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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.