Copper

This metal has been mined for thousands of years. Copper has a very high thermal and electrical conductivity. Pure copper is soft and has a reddish-orange color. Most copper is mined from large, open-pit mines. Chile is the top mine producer of the metal, followed by the U.S. Copper is used in electrical wires, plumbing, roofing, and various industrial uses in machines. In many instances, copper is used in place of aluminum because it is a better electrical conductor. Since it is waterproof, it has been used as roofing material. The green color of copper occurs when it is oxidized over a long period of time.


Two Factors Suggesting Copper Prices Setting Up to Surge Copper prices are up roughly five percent since the beginning of the year. Don’t ignore the red metal. There could be major upside ahead in 2016 and beyond. When you are…

Weak Fundamentals for Copper Prices Copper prices are subdued at best compared to oil and gold, which have managed to hold on to their recent gains. Indeed, Brent oil futures exceeded $40.00 per barrel for the first time since last…

Here’s Why Copper Prices Could Skyrocket Since their peak in 2011, copper prices are down well over 50%. Now, there’s light at the end of the tunnel; copper prices could skyrocket. There are three factors at play here: China buying…

Copper Prices May Stay Low Following China’s Economic Slowdown Copper prices were expected to experience a rebound as a result of announced cuts from Glencore plc (LON:GLEN), the world’s largest producer. However, like so many other commodities, copper prices are…

Gary Shilling Delivers Dire Warning to Resource Investors Despite a weak year for commodities, famous economists like Gary Shilling think resource prices will continue to drop. Raw materials are traditionally sensitive to demand in developed countries and Shilling warns that…

Higher Copper Prices Could Put Floor Underneath Glencore Stock This morning, mining giant Glencore plc (OTC:GLCNF) had another of its typical stunning days on the stock market. Rumors of possible takeover offers for the whole company, or a major part…

The copper price forecast may be set to soar soon, as Citigroup projects that a mining disruption will kick the oversupplied copper back into a shortage. Copper futures for December delivery turned decidedly bullish on Tuesday, moving up to $2.4208…

Copper is considered an industrial metal, used in industries across the board. When copper prices fall, it’s usually an indicator of a slowdown in the global economy. On the contrary, gold bullion isn’t much of an industrial metal; rather, it…

Almost daily, there’s a new piece of information coming out about the Chinese economy that suggests economic conditions there are worsening. We see China’s manufacturing sector is contracting and there’s a credit crunch in the making. The Wall Street Journal…

Copper prices are collapsing, a sign that manufacturing activity in the global economy is slowing. The chart below shows copper prices are down more than five percent so far this year. Notice the steep decline in copper prices starting this…

This past year will be forgettable for those investors who stayed loyal to the metals: gold, silver, and copper. Gold lost its luster with very little as far as global inflation, no major uprising in the Middle East, and the…