@

CU – Copper

Copper is one of the most widely used metals in the world due to its high conductivity and its malleability. Copper is often used to conduct heat and electricity, which makes it ideal for circuit boards and electric motors, as well as wires and cable. Copper is also used in alloys like bronze and brass. Copper's atomic number is 29, with a symbol Cu.

Copper Supply

Though copper is one of the oldest metals used, its 20th-century use has created supply concerns. Rising economies have created increasing demands—up to half a million tons a year.((http://www.salon.com/2006/03/02/peak_copper/ Retrieved 24 April 2015.)) In 2015, China, for instance, produced less than 10% of the copper, but demanded 40%.((http://www.forbes.com/sites/greatspeculations/2015/04/24/the-impact-of-unwinding-copper-financing-deals-on-freeport-mcmoran/ Retrieved 24 April 2015.))

Trade

Copper can be traded on metals markets, such as the London Metal Exchange. Copper can be trade in physical forms, but also as futures and options.

Copper Chart




Copper Reserves

Around the world, copper reserves are estimated at around 700,000 million metric tons.((http://minerals.usgs.gov/minerals/pubs/commodity/copper/mcs-2015-coppe.pdf Retrieved 24 April 2015.)) The large holders of copper reserves are:

Country Metric Tons
Chile 209,000
Australia 93,000
Peru 68,000
Mexico 38,000
United States 35,000
China 30,000
Russia 30,000
Poland 28,000
Indonesia 25,000

Any opinions, news, research, analyses, prices, other information, or links to third-party sites are provided as general market commentary and do not constitute investment advice. Friedberg Direct will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.

Disclosure

Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, Friedberg Direct, FXCM or its affiliates takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of Friedberg Direct and FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the Friedberg Direct's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here.**

Order Execution Only

Order Execution Only

Regulatory Documents:
IIROC Brochure: How Can I Get My Money Back, How IIROC Protects Investors, IIROC Complaints Brochure, CIPF Brochure, CIPF Coverage Policy

The relationship between Friedberg Direct and FXCM was formed with the purpose to allow Canadian residents access to FXCM's suite of products, while maintaining their accounts with a regulated Canadian firm. All accounts are opened by and held with Friedberg Direct, a division of Friedberg Mercantile Group Ltd., a member of the Investment Industry Regulatory Organization of Canada (IIROC). Friedberg customer accounts are protected by the Canadian Investor Protection Fund within specified limits. A brochure describing the nature and limits of coverage is available upon request or at www.cipf.ca.