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|Product Type: Metal CFD||Market: CME Globex|
|Currency: USD||Measurement Unit: Pound (lb)|
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.