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Copper

LME-PRICES COPPER (21/11/17)
close vol
Cash 6797.3
TOM
3 month 6828 12749
15 month 6889.3
27M 6903.5
63M 6896.5
123M 6896.5
LME-PRICES copper EUR (21/11/17)
close
Cash 5801.2
TOM
3 month 5827.4
15 month 5879.7
27M 5891.9
63M 5885.9
123M 5885.9
settlements (21/11/17)
Copper chg high low Limit hi Limit lo
NOV 17 3.1255 0.0270 3.1240 3.0860 3.3690 2.9690
DEC 17 3.1285 0.0330 3.1315 3.0795 3.2930 2.8930
JAN 18 3.1355 0.0325 3.1365 3.0950 3.3005 2.9005
FEB 18 3.1435 0.0350 3.1435 3.1340 3.3085 2.9085
MAR 18 3.1505 0.0320 3.1540 3.1020 3.3155 2.9155
APR 18 3.1570 -0.005 3.1170 3.1120 3.3220 2.9220
MAY 18 3.1630 0.0320 3.1650 3.1180 3.3280 2.9280
JUN 18 3.1690 0.0335 3.1675 3.1485 3.3340 2.9340
JUL 18 3.1730 0.0325 3.1730 3.13 3.3380 2.9380
AUG 18 3.1785 0.0235 3.1665 3.1665 3.3430 2.9430
SEP 18 3.1815 0.0325 3.1820 3.14 3.3455 2.9455
OCT 18
NOV 18
DEC 18 3.1905 0.0345 3.1910 3.1540 3.3540 2.9540
JAN 19
FEB 19
MAR 19 3.1940 -0.052 3.1380 3.1055 3.3575 2.9575
APR 19
MAY 19 3.1955 -0.019 3.14 3.1390 3.3590 2.9590
JUN 19
JUL 19 3.1970 -0.017 3.1415 3.14 3.3580 2.9580
AUG 19
SEP 19 3.1985 -0.020 3.1410 3.14 3.3595 2.9595
OCT 19
SHFE (21/11/17)
close high low vol
NOV 17 52620 8128.1 7937.8 4960
DEC 17 53920 8155.1 8067.6 16374
JAN 18 54020 8174.8 8078.2 135378
FEB 18 54120 8191.4 8097.8 26980
MAR 18 54280 8209.5 8120.4 14500
APR 18 54510 8238.1 8147.6 2426
MAY 18 54630 8260.8 8171.7 994
JUN 18 54790 8292.5 8208.0 334
JUL 18 54990 8315.1 8266.8 106
AUG 18 55210 8339.2 8294.0 58
SEP 18 55380 8375.5 8297.0 330
OCT 18 55600 8399.6 8325.7 216

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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.