Other News
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.
|
LME-PRICES COPPER (25/01/19) |
|||
|
|
CLOSE |
VOL |
|
|
Cash |
5894 |
1 |
|
|
TOM |
6101 |
5 |
|
|
3 month |
5922 |
21326 |
|
|
15 month |
5971 |
|
|
|
27M |
5997.5 |
|
|
|
63M |
6029.5 |
|
|
|
123M |
6029.5 |
|
|
|
LME-PRICES COPPER EUR (25/01/19) |
|||
|
|
CLOSE |
||
|
Cash |
5196.6 |
||
|
TOM |
5379.1 |
||
|
3 month |
5221.3 |
||
|
15 month |
5264.5 |
||
|
27M |
5287.9 |
||
|
63M |
5316.1 |
||
|
123M |
5316.1 |
||
|
SETTLEMENTS (25/01/19) |
||||||||
|
|
COPPER |
CHG |
HIGH |
LOW |
LIMIT HI |
LIMIT LO |
||
|
JAN 19 |
2.6670 |
0.0545 |
2.7835 |
2.7185 |
2.9285 |
2.5285 |
||
|
FEB 19 |
2.6740 |
0.0530 |
2.7885 |
2.73 |
2.9355 |
2.5355 |
||
|
MAR 19 |
2.6780 |
0.0530 |
2.8170 |
2.72 |
2.9390 |
2.5390 |
||
|
APR 19 |
2.6845 |
-0.014 |
2.7325 |
2.7325 |
2.9460 |
2.5460 |
||
|
MAY 19 |
2.6890 |
0.0520 |
2.8240 |
2.7460 |
2.95 |
2.55 |
||
|
JUN 19 |
2.6955 |
-0.012 |
2.7450 |
2.7450 |
2.9565 |
2.5565 |
||
|
JUL 19 |
2.6985 |
0.0490 |
2.83 |
2.7485 |
2.9595 |
2.5595 |
||
|
AUG 19 |
2.7045 |
-0.016 |
2.75 |
2.75 |
2.9660 |
2.5660 |
||
|
SEP 19 |
2.7070 |
0.0580 |
2.8270 |
2.7525 |
2.9680 |
2.5680 |
||
|
OCT 19 |
2.7130 |
-0.015 |
2.7590 |
2.7590 |
2.9740 |
2.5740 |
||
|
NOV 19 |
2.7160 |
-0.040 |
2.7370 |
2.7370 |
2.9770 |
2.5770 |
||
|
DEC 19 |
2.7170 |
0.0455 |
2.8380 |
2.7970 |
2.9775 |
2.5775 |
||
|
JAN 20 |
2.7230 |
0.0415 |
2.8250 |
2.8250 |
2.9835 |
2.5835 |
||
|
FEB 20 |
2.7255 |
0.1 |
2.8680 |
2.8655 |
2.9860 |
2.5860 |
||
|
MAR 20 |
2.7265 |
0.0830 |
2.8270 |
2.8270 |
2.9865 |
2.5865 |
||
|
APR 20 |
2.7305 |
0.1155 |
|
|
2.9905 |
2.5905 |
||
|
MAY 20 |
2.7330 |
0.02 |
2.8130 |
2.8120 |
2.9930 |
2.5930 |
||
|
JUN 20 |
2.7365 |
|
|
|
2.9965 |
2.5965 |
||
|
JUL 20 |
2.7385 |
|
|
|
2.9985 |
2.5985 |
||
|
AUG 20 |
2.7415 |
|
|
|
3.0015 |
2.6015 |
||
|
SEP 20 |
2.7430 |
|
|
|
3.0030 |
2.6030 |
||
|
OCT 20 |
2.7450 |
|
|
|
3.0050 |
2.6050 |
||
|
NOV 20 |
|
|
|
|
|
|
||
|
DEC 20 |
2.7485 |
0.4265 |
|
|
3.0085 |
2.6085 |
||
|
SHFE (25/01/19) |
||||||||
|
|
CLOSE |
HIGH |
LOW |
VOL |
||||
|
JAN 19 |
7192.2 |
7212.5 |
7160.4 |
47068 |
||||
|
FEB 19 |
7192.2 |
7212.5 |
7164.8 |
5968 |
||||
|
MAR 19 |
7196.6 |
7234.1 |
7169.1 |
1466 |
||||
|
APR 19 |
7212.5 |
7221.1 |
7177.8 |
328 |
||||
|
MAY 19 |
7216.8 |
7235.6 |
7192.2 |
326 |
||||
|
JUN 19 |
7241.4 |
7241.4 |
7205.2 |
26 |
||||
|
JUL 19 |
7241.4 |
7250.0 |
7212.5 |
60 |
||||
|
AUG 19 |
7257.3 |
7263.1 |
7221.1 |
260 |
||||
|
SEP 19 |
7254.4 |
7254.4 |
7238.5 |
22 |
||||
|
OCT 19 |
7274.6 |
7281.9 |
7242.8 |
30 |
||||
|
NOV 19 |
|
|
|
|
||||
|
DEC 19 |
|
|
|
|
||||
