Copper increased to 7157.25 USD/MT in July from 7041 USD/MT in June of 2014. Copper averaged 4217.95 from 1993 until 2014, reaching an all time high of 10179.50 in February of 2011 and a record low of 1318.25 in November of 2001.
||1993 - 2014
Chile accounts for over one third of world's copper production followed by China, Peru, United States, Australia, Indonesia, Zambia, Canada and Poland. Major exporters of copper ores and concentrates are Chile, Peru, Indonesia, Australia , Canada, Brazil, Kazakhstan, United States, Argentina and Mongolia. The biggest importers of copper are China, Japan, India, South Korea and Germany. Copper market participants use the COMEX Division of high-grade copper futures and options to mitigate price risk. Copper is the world's third most widely used metal, after iron and aluminum, and is primarily used in highly cyclical industries such as construction and industrial machinery manufacturing. Profitable extraction of the metal depends on cost-efficient high-volume mining techniques, and supply is sensitive to the political situation particularly in those countries where copper mining is a government-controlled enterprise. This page provides - Copper - actual values, historical data, forecast, chart, statistics, economic calendar and news.