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Copper

LME-PRICES COPPER (21/09/18)
close vol
Cash 6075 1
TOM 6101 5
3 month 6082 31052
15 month 6116
27M 6140
63M 6157
123M 6157
LME-PRICES copper EUR (21/09/18)
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Cash 5165.8
TOM 5187.9
3 month 5171.8
15 month 5200.7
27M 5221.1
63M 5235.5
123M 5235.5
settlements (21/09/18)
Copper chg high low Limit hi Limit lo
SEP 18 2.8365 0.1125 2.8380 2.75 2.9360 2.5360
OCT 18 2.8370 0.1075 2.8410 2.7455 2.9225 2.5225
NOV 18 2.8480 0.1125 2.8510 2.7445 2.9315 2.5315
DEC 18 2.8575 0.1045 2.8710 2.7520 2.94 2.54
JAN 19 2.8665 0.1045 2.8675 2.7710 2.9495 2.5495
FEB 19 2.8735 0.1180 2.8735 2.7835 2.9555 2.5555
MAR 19 2.8755 0.1060 2.8880 2.7710 2.9585 2.5585
APR 19 2.8805 0.0855 2.85 2.85 2.9645 2.5645
MAY 19 2.8815 0.1020 2.8845 2.7780 2.9675 2.5675
JUN 19 2.8875 0.1155 2.8895 2.8785 2.9740 2.5740
JUL 19 2.8875 0.1015 2.8910 2.8165 2.9760 2.5760
AUG 19 2.8905 0.1110 2.8925 2.8180 2.9815 2.5815
SEP 19 2.8930 0.0970 2.8985 2.8120 2.9835 2.5835
OCT 19 2.8990 0.0970 2.8965 2.8860 2.9895 2.5895
NOV 19 2.8990 0.0935 2.8985 2.8840 2.9905 2.5905
DEC 19 2.8980 0.0940 2.9045 2.8205 2.9910 2.5910
JAN 20 2.9010 0.0305 2.8265 2.8265 2.9960 2.5960
FEB 20 2.9035 0.0675 2.8680 2.8655 2.9980 2.5980
MAR 20 2.9045 0.0275 2.8270 2.8270 2.9995 2.5995
APR 20 2.91 0.1010 3.0050 2.6050
MAY 20 2.9120 -0.021 2.7865 2.7865 3.0070 2.6070
JUN 20 2.9160 3.0110 2.6110
JUL 20 2.9180 3.0130 2.6130
AUG 20 2.92 3.0150 2.6150
SHFE (21/09/18)
close high low vol
SEP 18 7031.4 7099.9 7025.6 6630
OCT 18 7298.9 7329.6 7196.8 83548
NOV 18 7255.2 7296.0 7163.3 254236
DEC 18 7218.7 7262.5 7137.0 72296
JAN 19 7183.7 7231.8 7118.1 49662
FEB 19 7166.2 7212.9 7110.8 18564
MAR 19 7170.6 7212.9 7116.6 11320
APR 19 7179.3 7221.6 7125.4 2378
MAY 19 7189.5 7228.9 7135.6 2838
JUN 19 7195.4 7233.3 6973.7 1692
JUL 19 7199.7 7246.4 7160.4 1720
AUG 19 7214.3 7250.8 7148.7 884

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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.