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Tag: copper price

Copper trades on a number of different metal exchanges, including the London Metal Exchange (LME), the COMEX in New York and the Shanghai Metal Exchange (SHMETX), and copper prices may be found via these exchanges. Unlike precious metals prices, which are consistently denominated by the ounce across various exchanges, copper prices are denominated by the pound when traded on the COMEX and by the kilogram when traded on the LME.

Furthermore, spot copper prices represent the current price for the metal, while copper futures represent copper priced for delivery at a future date. For example, copper for delivery in three months would be priced differently than spot copper. As with any commodity, supply and demand dynamics are key drivers for the copper price. While copper inventories on metal exchanges are commonly looked to as an indicator of copper supply, there are many other factors to be considered.

Mine production, scrap copper supply and unknown stores of copper in China, the world’s top consumer of the metal, are all key considerations when looking at whether there is a surplus or deficit for copper.

Copper Mountain Mining Announces Q3 Financial 2017 Results

Copper Mountain Mining Corporation (TSX: CMMC) (the “Company” or “Copper Mountain”) announces third quarter revenues of $77.1 million after pricing adjustments and treatment charges from the sale of 22.6 million pounds of copper equivalent, including 19.3 million pounds of copper, 6,500 ounces of gold, and 72,700 ounces of silver. Total

Teck Reports Unaudited Third Quarter Results for 2017

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Oct. 26, 2017) – Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) reported adjusted profit attributable to shareholders of $621 million ($1.08 per share) in the third quarter compared with $152 million ($0.26 per share) a year ago.

“We are very pleased with our performance

Highland Copper Reports 46% Increase in the Measured and Indicated Resource Categories for its Copperwood Project, Michigan, USA

Highland Copper Company Inc. (TSX VENTURE:HI) (“Highland” or the “Company”) is pleased to announce an updated Mineral Resource estimate for its 100%-owned Copperwood Project located in Gogebic County, in the western Upper Peninsula of Michigan, U.S.A. (see Table 1 below).

Highlights:

46% increase in Measured and Indicated Resources at 1.5 billion

Falco Announces Positive Feasibility Study Results on Horne 5 Gold Project

Falco Announces Positive Feasibility Study Results on Horne 5 Gold Project

-Top Quartile Project at All-In Sustaining Costs of US$399/oz Au, net of By-Product Credits
-All-In Cost (CAPEX plus OPEX) at US$643/oz Au
-Annual Payable Gold Production of 219,000 Ounces for 15 Years
-After-Tax IRR of 15.3%
Falco Resources Ltd. (“Falco” or the “Company”)(TSXV:FPC) is pleased to announce the results of a feasibility study (the “Feasibility Study”

LME Copper vs. COMEX Copper

LME Copper vs. COMEX Copper

For those new to copper investing, keeping track of copper prices can be confusing. Here’s a short overview of COMEX copper and LME copper.

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