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Copper

LME-PRICES COPPER (22/09/17)
close vol
Cash 6440 2
TOM
3 month 6480 15974
15 month 6569
27M 6601
63M 6601
123M 6601
LME-PRICES copper EUR (22/09/17)
close
Cash 5383.3
TOM
3 month 5416.7
15 month 5491.1
27M 5517.8
63M 5517.8
123M 5517.8
settlements (22/09/17)
Copper chg high low Limit hi Limit lo
SEP 17 2.9245 0.0110 2.9250 2.8750 3.2630 2.8630
OCT 17 2.9295 0.0110 2.93 2.8835 3.1190 2.7190
NOV 17 2.9370 0.0055 2.9340 2.89 3.1265 2.7265
DEC 17 2.9445 0.0105 2.9475 2.8940 3.1345 2.7345
JAN 18 2.9515 0.0045 2.9460 2.9160 3.1415 2.7415
FEB 18 2.9580 -0.006 2.9425 2.9425 3.1485 2.7485
MAR 18 2.9635 0.0105 2.9655 2.9135 3.1540 2.7540
APR 18 2.97 0.01 2.9710 2.9710 3.1610 2.7610
MAY 18 2.9755 0.0090 2.9770 2.9325 3.1665 2.7665
JUN 18 2.9815 0.0225 2.9950 2.9630 3.1725 2.7725
JUL 18 2.9865 0.0090 2.9875 2.9510 3.1775 2.7775
AUG 18 2.9920 -0.003 2.98 2.98 3.1830 2.7830
SEP 18 2.9960 0.0095 2.9965 2.9965 3.1870 2.7870
OCT 18 2.7185 3.1040 2.3040
NOV 18 2.7185 3.1040 2.3040
DEC 18 3.0050 0.01 3.0060 2.9840 3.1960 2.7960
JAN 19
FEB 19
MAR 19 3.0105 0.1465 3.1480 3.1480 3.2015 2.8015
APR 19
MAY 19 3.0135 3.2045 2.8045
JUN 19
JUL 19 3.0165 -0.068 2.94 2.9 3.2075 2.8075
AUG 19
SHFE (22/09/17)
close high low vol
SEP 17 50290 7714.2 7654.6 3660
OCT 17 50150 7614.8 7549.6 12660
NOV 17 50270 7630.0 7560.2 127852
DEC 17 50310 7636.0 7570.8 38674
JAN 18 50450 7655.8 7584.5 11942
FEB 18 50550 7672.5 7617.8 2472
MAR 18 50690 7708.9 7645.2 3010
APR 18 50860 7737.7 7677.0 1410
MAY 18 51150 7765.0 7704.3 806
JUN 18 51350 7795.4 7736.2 322
JUL 18 51500 7821.2 7769.6 68
AUG 18 51490 7845.5 7793.9 44

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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.