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.
Amerigo Resources (TSX:ARG) announced today production results for Q1-2018 from Minera Valle Central (“MVC”), the Company’s 100% owned operation located near Rancagua, Chile.
As quoted in the press release:
Rob Henderson, Amerigo’s President and CEO, stated “With construction of the Cauquenes Phase Two project over the half-way mark and MVC’s production continuing
AZARGA METALS CORP. (“Azarga Metals” or the “Company”)(TSXV:AZR) announces an updated Mineral Resource estimate for its Unkur Copper-Silver Project in the Zabaikalsky administrative region of eastern Russia.
Deep-South Resources Inc. (“Deep-South” or “the Company”) (TSX-V: DSM) today announced that it has received the results of a Preliminary Economic Assessment (“PEA”) from Mineral Engineering and Technical Services of Australia (“METS”) on its Haib Copper project in Namibia.
Amerigo Resources Ltd. (TSX: ARG) (“Amerigo” or the “Company”) announced today financial results for the year 2017. Stronger copper prices and increased copper production resulted in a 47% increase in revenue in the year. The Company posted revenue of $134.0 million and net income of $8.0 million. Cash of $26.4 millionwas generated from operations before
Author Gianni Kovacevic shares his thoughts on electric vehicles and their impact on the copper market. He also discusses lithium and cobalt.
Van Nieuwenhuyse, who’s president and CEO of Trilogy Metals, shares his views on the base metals market and what to expect from his company in 2018.
Chile’s state copper commission has upped its copper price forecast for 2018, citing potential supply stoppages and Chinese regulations.
Finders Resources Ltd. (LSE:FND) provided an update on its 74.1-percent-owned Wetar copper project. The company anticipates a return to regular production levels after temporary disruptions in the September and December quarters of last year.
What’s the copper outlook for 2018? Analysts are cautiously optimistic about the red metal in 2018. Read on to learn what they had to say.
By Micha Boon
Azarga Metals Corp. (“Azarga Metals”or the “Company”) (TSXV:AZR) has exercised its call option to increase its ownership of the Unkur Copper-Silver Project from the current 60% interest to 100%. The project vendors have also agreed to cancel the remaining US$1.6 million owed to them by the Company in the form
After a rough week, the gold price remained under pressure on Friday and was on track for its biggest weekly decline since May.