Copper COPPER.FUT

Copper is a reddish-gold metal with a shiny appearance. It is widely used due to its many applications, including its ability to conduct heat and electricity. Copper is a native metal, meaning it can be found in nature in a directly usable metallic form, which has contributed to its early discovery and usage. It is often sourced from underground mines, which can be found in countries such as Australia, Canada, China, Mexico, and other locations. Chile currently accounts for one third of the world’s copper production.

Due to being soft, malleable, and ductile, copper is often used in electrical wiring, plumbing, and within utensils. Copper’s appealing appearance also means it is used decoratively and artistically. The supply and demand of copper can be affected by political, environmental, and labour issues.

Although it has similar characteristics to silver and gold, copper is significantly cheaper in value. The price of copper is often used as a good barometer for the overall strength of the global economy due to its worldwide use. The greatest factors that influence copper’s price are the emerging markets, supply distribution and substitution. Copper is tracked as an expiry future traded on the CME exchange.

Track Copper on eToro for more updates and news on the current value.