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.
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.))
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.
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:
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. FXCM 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.
FXCM Research Team
FXCM Research Team consists of a number of FXCM's Market and Product Specialists.
Articles published by FXCM Research Team generally have numerous contributors and aim to provide general Educational and Informative content on Market News and Products.
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, FXCM 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 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 FXCM'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.