Copper Price Today

Copper Historical Price

Copper Prices Today in India

Given in the table below Copper Rate in India for Last 10 Days

Factors that Affect Copper Prices

Some of the factors that determine copper prices are given below:

Demand

Demand plays a big role in affecting copper prices. In case demand for copper increases, the prices rise too.

Supply 

The amount of copper that is being mined plays a role in the affecting the prices. In case the production of copper is less, the prices will increase. In case supply is more than demand, the prices of copper will fall.

Economic Growth 

Any developments in the economy will move copper rates. Since copper is used in several sectors, economic growth will affect prices.

Oil Prices 

Any increase in oil prices will ensure that the prices of copper increase as well.

Dollar’s Value 

Since the prices of copper is in US dollar, the currency’s value affects the rates. In case the value of the dollar falls, demand increases and the prices of copper will increase.

Trade Policies 

Trade policies that are introduced by the government may affect the prices of copper. Depending on any tax inclusions or exclusions, copper rates may increase or decrease.

Uses of Copper

The main uses of copper are given below:

1. Building material
2. Jewelry
3. Wood preservatives
4. Ship lining

1. Smartphones
2. Electric appliances
3. Copper wiring in electric vehicles

Who Determines Copper Prices?

The free market sets copper prices. Some of the factors that determine copper prices are distribution costs, copper production, and producers. COMEX and London Metal Exchange are common exchanges where the trading of copper is done.

Copper can be invested in the futures markets, which protects investors against any changes in the prices. The prices of copper are volatile since it is consumed and traded heavily, which leads to large orders.

To know more about Commodity Products

Investment in Copper

The different options that are available to invest in copper are mentioned below:

Futures

Investment in copper futures is popular as protection is provided to investors in the case of changes in the prices. Few exchanges are available to invest in copper futures. ETFs - Via ETFs, you can indirectly access the copper market through companies that help in mining the metal.

Stocks

You can buy shares in companies that help in mining the metal to invest in copper.

Physical Copper

You can invest in copper bullion or physical copper via collectible coins or bars. This can be the cheapest way of investing in the metal. However, storing copper may be challenging as they are large materials.

Copper Production

The counties where the production of copper is the highest are mentioned below:

1. Mexico

1. Australia
2. Congo
3. United States of America
4. China
5. Peru
6. Chile

Be Money-Smart with our App