CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Copper

CFD on the spot price of copper (HG).

Product Type: Commodity Subtype: Metal
Country: United States (US) Currency: USD
Trading Hours: According to market Measurement Unit: Pound (lb)
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Description:

Copper is a soft, malleable metal with a high thermal and electrical conductivity. Chile is the top producer of copper, followed by the United States and Indonesia, but other South American economies also produce. The United States and China are the largest buyers of copper, so the demand from these countries has a significant impact on the price of copper. Other factors include tax rates, labor wage rates and cost-efficient mining techniques.
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Interesting Facts:

  • Copper is essential to all living organisms as a trace dietary mineral and is present in the human body in the liver, muscle and bones.
  • Historically, the price of copper has been relatively unstable. It was worth as little as $1.32/kg in 1999. In November 2017 it could be bought for $6.99/kg.
  • Copper, like aluminum, can be recycled without any loss of quality.
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