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Copper

LME-PRICES COPPER (30/11/22)
close vol
Cash 8036 1
TOM 6101
3 month
15 month 8006.5
27M 8001.5
63M 8004.5
123M 8004.5
LME-PRICES copper EUR (30/11/22)
close
Cash 7750.8
TOM 5884.5
3 month
15 month 7722.3
27M 7717.5
63M 7720.4
123M 7720.4
settlements (01/01/70)
Copper chg high low Limit hi Limit lo
DEC 22
JAN 23
FEB 23
MAR 23
APR 23
MAY 23
JUN 23
JUL 23
AUG 23
SEP 23
OCT 23
NOV 23
DEC 23
JAN 24
FEB 24
MAR 24
APR 24
MAY 24
JUN 24
JUL 24
AUG 24
SEP 24
OCT 24
NOV 24
SHFE (01/01/70)
close high low vol
DEC 22
JAN 23
FEB 23
MAR 23
APR 23
MAY 23
JUN 23
JUL 23
AUG 23
SEP 23
OCT 23
NOV 23

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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.