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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

COT-Copper Position Flips; Commercials are Short and Specs are Long
Large speculators have flipped to a net long position in copper and commercial traders have flipped to a new short position. This dynamic can indicate the early stages of a trending move. Price wise, be aware of the 3 handle (2011 and 2013 lows).
Copper Trades Back Through Resistance as China’s PMI Contracts
In response to a contraction in China's PMI, copper prices fell on Tuesday. The initial drop may however be softened by better-than-expected U.S. PMI and New Home Sales Data.
Norilsk Looks to Invest in Central Bank’s Palladium Reserves
Norilsk Nickel seeks to sustain their palladium stocks via a new mining license and investment in the Russian Central Bank's reserves. Palladium approaches support in ascending channel.
Copper Climbs, Testing Resistance Ahead of China’s PMI Release
Elevated by a dovish FOMC statement and temporary mine blockade, copper now faces resistance ahead of China's PMI release.
Copper Consolidates as Friday’s Gains are Negated by U.S. Data
Premier Li Keqiang provided an optimistic outlook for growth in China, offering copper temporary support. The sentiment however quickly faded in lieu of U.S. industrial data and the upcoming FOMC meeting.
Gold and Copper Find Support as U.S. Employment News Settles
The non-interest bearing assets—gold and copper—have partially recovered today, after sliding last week on a strong USD and weak Chinese import data.
News of China’s PMI and Rate Cut Fade as Copper Trades Lower
After rising to a 7 week high on favorable PMI data, copper traders lower on Tuesday as global growth concerns rise in prominence.
Copper Retraces Off 2015 Low, Yet Will the Momentum Prevail?
While recent activity has elevated the price of copper, the primary trend may endure as the ISCG projects a supply surplus in 2015 and Goldman Sachs has lowered their price forecast.
South Africa’s Integral Mining Industry Contracts in 2014
Across multiple time frames, mining production in South Africa decreased in 2014 as a result of negative movements among PGMs and Gold. USDZAR is trading in a broadening pattern.
Copper Retreats After 6.3% Advancement, But Will it Stick?
While China's most recent trade and manufacturing data supports the notion, supply is outpacing demand, the latest production data reported by the ICSG may hint otherwise.