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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 More Responsive to China’s Economic Growth Than Its PMI
Despite a rise in China’s manufacturing PMI, copper falls on the country’s disappointing annual GDP.
South Africa: November Mining Disappoints, USDZAR Trades Sideways
Strike at Northam Platinum mine adds to investor woes as November’s mining production and sales register decreases.
Copper Consolidates on Neutral 4Q Chinese GDP
China’s slowed growth does not necessarily mean a decisive downfall for the price of copper moving forward. However, at present the metal remains beneath a descending trendline.
World Bank Global GDP Outlook Reduced: Copper trades at 5 ½ Year Low
A slow in global economic growth, as measured by the World Bank, has increased the volatility in equity markets and brought down the price of key commodities including oil and copper.
World Bank Global GDP Outlook Reduced: Copper trades at 5 ½ Year Low
A slow in global economic growth, as measured by the World Bank, has increased the volatility in equity markets and brought down the price of key commodities including oil and copper.
Goldman Sachs Lowers Crude Forecast, CAD and Copper Compress
The tight relationship between USD denominated oil prices, the currencies of commodity exporting nations and non-energy markets, has left the value of copper and the CAD at a loss.
Weak Manufacturing Data Extends Copper’s Decline
Contractionary manufacturing data in China suggests an economic weakness capable of reducing the demand for copper. Paired with a strengthened USD, the average price of copper fell by 2.3 cents/pound last week.
COT: Copper and MXN are Extreme; Crude Specs are Still Long
Crude COT remains fascinating. Despite the decline, speculators (large and small) continue to hold a net long position. In fact, the net long positions actually increased in December.
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.