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Copper

CFD on the spot price of copper (COPPER).

 SELL Open a SELL trade on  SELL Open a SELL trade on Of current open trades, % are BUY and % are SELL BUY  Open a BUY trade on BUY  Open a BUY trade on   The daily price change of
Product Type: Metal CFDMarket: CME Globex
Currency: USDMeasurement 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 demand from these countries has a great impact upon the price of copper. Other factors include tax rates, labour wage rates and cost efficient mining techniques.

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.