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Copper Prices

Copper Prices are widely followed in the commodity sector. Copper is an essential industrial metal used worldwide. Copper prices are followed in financial markets around the globe and the metal is growing in popularity. Copper is widely used in construction and because of its electrical properties is found in wires and circuit boards. Copper is mined in open mines around the world, with Chile and the United States leading in overall copper production. The demand for copper is increasing as countries such as China and India continue to develop, while the supply remains tight. The growing demand and constrained supply is likely to keep copper prices volatile in the near future. Copper prices are commonly quoted in USD.

Copper Price Chart (USD)

Copper Price News, Analysis, and Forecast

Copper Prices Partially Recover Following 5 Day Descent
A global economic balance between the world’s largest consumers of copper, has left the metal trading potentially towards resistance within a descending channel.
Mining Production Retreats in October, USDZAR Breaks Resistance
While mineral sales in September marginally increased mining production in October fell 1.1%. With disappointing data from the gold, PGM, and Copper groups the rand remains weak.
NBP Retains Interest Rate of 2.0% Despite Decelerated Growth
A deceleration in polish economic growth was not enough to draw a rate change; the National Bank of Poland held their key rate steady.
Sparked by China & Fueled by OPEC, Copper Embarks on Major Descent
Begun with a rate cut in China, followed up by a ruled out reduction in oil supply and finished off with disappointing US consumer data, Copper began a week long decline.
Crude Recovery May Prove Short-Lived, Natural Gas Gains As Supply Dips
Crude recent rebound may prove short-lived on OPEC supply cut speculation alone, meanwhile another soft session for the USD may offer the precious metals breathing room.
ICSG Copper Market Outlook Sees Supply/Demand Reversal in 2015
Copper supply is expected to overcome demand next year sending expected average prices down. At present copper sits in a bearish channel.
Chinese Growth Momentum Slows Sending Copper Prices Lower
In the latter half of the year, slowed momentum in the Chinese economy has left demand for copper significantly reduced and prices in a decline.
Gold Remains At Risk Ahead Of US Data, Copper Slides On China PMI Miss
Gold and silver remain in a precarious position as upcoming US data threatens to fuel the USD’s charge, while crude awaits a break below a critical technical floor.
Gold Climbs As USD Dips, Copper Slumps Ahead Of Chinese Q3 GDP
Gold and silver may continue their ascent with thin US data offering the USD bulls few fresh positive cues, while copper braces for upcoming top-tier China data.
Crude Oil Recovery Loses Steam, Copper Braces For Top-Tier China Data
WTI’s rebound has seemingly lost momentum as lingering supply glut concerns offset positive US data, meanwhile copper faces further volatility on Chinese economic data.