Price Of Fudge Per Pound

Today's copper market price is $ per pound.

Run into the chart below for historical prices.

Tip: Utilise the "Advanced" button to a higher place to admission technical charting features for copper spot prices over fourth dimension.

Read on to detect out about how copper prices compare to precious metal prices like gold and silvery. We as well explain the main price drivers of copper, how you can get copper via bullion dealers, and how you can keep up with copper toll news.

What Drives Copper Prices?

Copper has many uses in a various array of industries.

Its price is considered 1 of the key barometers for the overall force of the global economy. The following iv areas represent some of the biggest determinants of copper prices:

Emerging Markets
US Housing Market
Supply Disruptions
Substitution

Emerging Markets Demanding Copper

Because infrastructure represents such an important function of the demand, emerging markets are a primal driver of copper prices. Fast-growing countries similar India and China are accumulating vast amounts of wealth as their economies grow.

As a result, they have a growing need for infrastructures to support the likes of housing and transportation.

Asia comprises an increasing share of global copper need. The price of copper may depend greatly on the ability of these countries, besides as other emerging economies like Brazil.

A halt of growth in emerging economies would almost certainly have a negative result on copper prices.

Copper Demand By The The states Housing Market

The United states homebuilding manufacture uses copper in electrical wiring, roofing, plumbing fixtures, and insulation among other things.

Factors that affect US housing need, including nonfarm payrolls, mortgage rates, US gross domestic product (GDP), and demographics, also play an of import role in determining copper demand.

The edifice construction industry is responsible for close to half of the U.s.a. copper supply. Speculators should pay close attending to trends in this marketplace for clues about future copper prices.

Copper Supply Disruptions

Political, ecology, and labor issues can accept a big impact on copper prices. South America supplies a significant corporeality of copper, particularly Chile and Peru.

Historically, countries in this region accept occasionally chosen governments that nationalized the mining industry. Such events tin can disrupt supplies and lead to higher prices.

Events like miner strikes can also produce supply disruptions and college prices.

Finally, natural disasters like earthquakes and landslides can deadening down mining output. Copper traders should pay attention to geopolitical news that affects the mining industry.

Commutation: Alternative Metals To Copper

The economic principle of exchange represents a risk of investing in any commodity, and copper is no exception. As prices climb, buyers volition seek cheaper substitutions, if available.

Cheaper metals such as aluminum are now a substitute for copper in power cables, electrical equipment, and refrigeration equipment.

Nickel, pb, and iron also competes with copper as substitutes in some industries.

How is Copper Weighed?

The virtually common weight units to mensurate copper are pounds (lb), standard ounces (oz), troy ounces (t oz), and grams (yard). For copper commodity market prices for trading — y'all'll find copper listed in pounds (lb).

I standard ounce of copper is equal to almost exactly 28 grams. I troy ounce is rounded to 31.one grams — this unit is typically used on exchanges and past bullion dealers.

Here's a summary of these weight units, and others you may encounter on the copper market:

Pounds (lb): Copper is oft weighed in pounds. There are 453.592 grams in one pound.
Kilogram (kg): One kilogram is equal to 1,000 grams. This unit is mutual in large volume retail and commercial markets.
Tonne (t): 'Tonnes' of copper are more frequently heard of when referred to very large volumes of the metal. One tonne of copper is equal to 1,000 kg.
Tael (in traditional Chinese: 兩): A Chinese unit of measurement, now standardized to 50g. Some consumers may notice 37.5g taels, a blazon of bullion. However, copper taels are far rarer than precious metallic taels.

Copper Bullion Dealers

You can find copper bullion products with the following bullion dealers. Some of them let you to both buy and sell:

Copper bullion is harder to find than the likes of gold, silvery, platinum, or palladium since it's not classified every bit a 'precious metal'.

How to Set up Google Price Alerts for Copper Toll News

Keep upward with copper price news past setting up Google Alerts. Here's a quick step-by-step guide:

Go to Google Alerts.
Type "copper prices" in the search box.
Choose how often yous'd similar to receive alarm emails: as information technology happens; one time a day; in one case a calendar week.
Choose the sources you want Google to search (eg, Blogs, Finance, News).
Cull the language of the content y'all want to search through.
Choose the country of the content'due south origin.
Choose how many results to take delivered: all results; only the best results, based on Google's algorithms.
Enter the electronic mail address where you lot want to receive your alerts.

copper price google alerts — *Options for setting up your Google Alerts for copper prices.*

Larn More than Near Copper

Want to acquire more about copper? These resources can help:

Copper As A Commodity: A guide to how the metallic is mined, refined, and why it'due south valuable.
Guide to Trading Copper: Learn about ways you tin can trade copper and which brokers offering copper-related instruments.
Bullion Dealer Guide: Find a bullion dealer that serves customers in your country.

You tin likewise larn about the national economies of countries like Cathay and India, both of which are key players in the copper market.

More than, see these precious metal cost guides to compare the performance of copper prices against other metals:

Live Gold Prices
Live Palladium Prices
Alive Platinum Prices
Live Silverish Prices.

FAQs

What is the price of copper today?

Copper is currently priced at $ per lb. You can run across historical information on copper prices and the metal'due south twelvemonth-to-date operation at the top of the page.

Why are copper prices different on exchanges?

Different exchanges and brokers list different live copper prices considering of several reasons. In the instance of exchanges, the market maker and data provider may exist different. For example, the Copper Futures price on Comex is different from what y'all see on the London Metal Substitution (LME). Currency conversions as well impact the copper price quotes shown.

In the instance of brokers and copper derivatives, the spread charged on the copper instrument may also contribute to the price difference.

What affects the price of copper?

Copper prices are adamant by the demand for copper, primarily commercial. Such demand is driven by the construction and applied science industries. Then, the rate of supply through copper mining and production determines what price the commercial consumers pay. Future projections of copper supply and need are available via various resources.