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Copper Futures TradingTicker Symbol: HGExchange: COMEX Hours of Trading: 8:10 Am until 1:00 Eastern Standard Time Unit/Contract Size: 25,000 lbs Price Quote: cents per lb Min. Price Change: $0.0005 per lb or $12.50 per contract Months of Trading: from Jan to Dec Last Trading Day: On the maturing delivery month, at the close of business on the third to the last business day. The industrial metal it is, copper has fewer influences in price than the precious metals. Even still, be sure to consult a professional investment advisor before investing in the commodity. Factors of Copper Futures TradingWith copper an important metal in todays buildings, much of coppers’ overall demand depends on new construction starts and the renovation of existing structures (and so, sub-prime/mortgage loan interest rates in the prevailing economy).Copper is used in the manufacture of electrical equipment, power cables, jewelry and more; products that affect price and demand, as do current inventories of the metal. One considerations may include the fact that, hybrid vehicles intended for more efficient use of energy use double the copper in their manufacture. However with demand for copper increasing by more than a half million tons per annual, there begs the question of peak copper (where maximum production is reached) . Even with discoverys of new reserves there too is the question of how much is recoverable. So performance of mines is vital with this commodity. Stability and efficiency of mining operations determine supply. And one lingering question is whether the rate at which extraction techniques continue to evolve -- in order to mine the limited reserves available. China represents much of the world demand. Which may continue to do so as its economy continues to strengthen. |
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