Copper Futures

Copper Futures Live Chart (CFDs)

About Copper Metal

Copper is unique among other metals because it can establish a state of economic growth in a given country. For example, if the demand for copper is increasing, then the economy is expanding. In fact, the World Bureau of Metal Statistics has cited an 8% increase in copper consumption during 2010 alone—most notably in Asia—and since then, the demand has continued to climb. Because copper is so vital for construction and electric wiring, it is no wonder this precious metal maintains its significance alongside silver and gold in futures investing. Copper futures can be used as a hedging tool for price mitigation. Copper futures also offer advantages like central clearing and transparency of price among traders.

About Copper Futures

Copper Futures are available for trading in The London Metal Exchange (LME). The standard contact weights 25 tonnes. Copper futures are standardized, exchange-traded contracts in which the contract buyer agrees to take delivery, from the seller, a specific quantity of copper (eg. 25 tonnes) at a predetermined price on future delivery date.

Copper Futures Trading is one of the most popular vehicles in the industrial metals market. Copper is used in a wide variety of markets such as construction, plumbing, manufacturing, and architecture. With such a wide array of usages, trading copper offers many opportunities for gain. More and more investors are looking to raw commodities as trading vehicles as they provide more liquidity and volatility within their respective markets. Trading raw commodities as futures contracts also allows for better price transparencies.

Trading in copper futures is similar to trading in equity futures. Copper futures are nothing but exchange-traded consistent contracts between a buyer and a seller in which buyer is under compulsion by an obligatory contract to take delivery of a particular quantity of copper at certain predetermined price on a future.

LME Copper Futures Contract Specification

Product Code CA
Price Quotation US dollars per tonne
Minimum Price Fluctuation
Outright Carries
Ring  $0.50  $0.01
LMEselect  $0.50  $0.01
Inter-office  $0.01  $0.01
Settlement Method Physical
Termination Of Trading Up until the close of the first Ring the day before the prompt date
Trade Unit / Lot Size 25 tonnes
Trading Hours 01:00 to 19:00 hours, London Time
Prompt dates  

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