In the case of exchanges, the market maker and data provider may be different. Why are copper prices different on exchanges?ĭifferent exchanges and brokers list different live copper prices because of several reasons. You can see historical information on copper prices and the metal’s year-to-date performance at the top of the page. More, see these precious metal price guides to compare the performance of copper prices against other metals:Ĭopper is currently priced at $ per lb. You can also learn about the national economies of countries like China and India, both of which are key players in the copper market. Bullion Dealer Guide: Find a bullion dealer that serves customers in your country.Guide to Trading Copper: Learn about ways you can trade copper and which brokers offer copper-related instruments.Copper As A Commodity: A guide to how the metal is mined, refined, and why it’s valuable.Want to learn more about copper? These resources can help: Options for setting up your Google Alerts for copper prices.
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Some of them allow you to both buy and sell: You can find copper bullion products with the following bullion dealers. However, copper taels are far rarer than precious metal taels. Some consumers may find 37.5g taels, a type of bullion.
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Pounds (lb): Copper is often weighed in pounds.Here’s a summary of these weight units, and others you may encounter on the copper market: One troy ounce is rounded to 31.1 grams - this unit is typically used on exchanges and by bullion dealers. One standard ounce of copper is equal to almost exactly 28 grams. For copper commodity market prices for trading - you’ll find copper listed in pounds (lb). The most common weight units to measure copper are pounds (lb), standard ounces (oz), troy ounces (t oz), and grams (g). Nickel, lead, and iron also competes with copper as substitutes in some industries. As prices climb, buyers will seek cheaper substitutions, if available.Ĭheaper metals such as aluminum are now a substitute for copper in power cables, electrical equipment, and refrigeration equipment. The economic principle of substitution represents a risk of investing in any commodity, and copper is no exception. Substitution: Alternative Metals To Copper Copper traders should pay attention to geopolitical news that affects the mining industry. Such events can disrupt supplies and lead to higher prices.Įvents like miner strikes can also produce supply disruptions and higher prices.įinally, natural disasters like earthquakes and landslides can slow down mining output. Historically, countries in this region have occasionally chosen governments that nationalized the mining industry. South America supplies a significant amount of copper, particularly Chile and Peru. Political, environmental, and labor issues can have a big impact on copper prices.
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Speculators should pay close attention to trends in this market for clues about future copper prices. The building construction industry is responsible for close to half of the US copper supply. The US homebuilding industry uses copper in electrical wiring, roofing, plumbing fixtures, and insulation among other things.įactors that affect US housing demand, including nonfarm payrolls, mortgage rates, US gross domestic product (GDP), and demographics, also play an important role in determining copper demand. The price of copper may depend greatly on the ability of these countries, as well as other emerging economies like Brazil.Ī halt of growth in emerging economies would almost certainly have a negative effect on copper prices. Fast-growing countries like India and China are accumulating vast amounts of wealth as their economies grow.Īs a result, they have a growing need for infrastructures to support the likes of housing and transportation.Īsia comprises an increasing share of global copper demand.
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The following four areas represent some of the biggest determinants of copper prices:īecause infrastructure represents such an important part of the demand, emerging markets are a key driver of copper prices. Its price is considered one of the key barometers for the overall strength of the global economy.
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