|
Copper Prices
Metal prices are the prices of metal as a commodity that are traded in bulk at a predefined purity or grade. Metal can be split into three major categories, precious metals, industrial metals and other metals. Iron ore Precious metals and industrial metals are priced by trading of those metals on commodities exchanges. Other metals are traded on demand and the buyers and sellers themselves set the price sometimes using third party companies that set a reference or indicative price. Precious metals include gold, silver, platinum and palladium and are normally priced by the ounce or gram. Industrial metals include aluminium alloy, aluminium, copper, lead, nickel, tin, zinc, cobolt, iron ore and Nasaac (North American special aluminium alloy) are exchange traded commodities and are normally priced by the metric ton. Other metals include bismuth, selenium, tellurium, and many others including rare earth metals are traded directly between suppliers and users. The London Metal Excha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prices
A price is the (usually not negative) quantity of payment or compensation expected, required, or given by one party to another in return for goods or services. In some situations, especially when the product is a service rather than a physical good, the price for the service may be called something else such as "rent" or "tuition". Prices are influenced by production costs, supply of the desired product, and demand for the product. A price may be determined by a monopolist or may be imposed on the firm by market conditions. Price can be quoted in currency, quantities of goods or vouchers. * In modern economies, prices are generally expressed in units of some form of currency. (More specifically, for raw materials they are expressed as currency per unit weight, e.g. euros per kilogram or Rands per KG.) * Although prices could be quoted as quantities of other goods or services, this sort of barter exchange is rarely seen. Prices are sometimes quoted in terms of vouchers s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Iron Ore
Iron ores are rocks and minerals from which metallic iron can be economically extracted. The ores are usually rich in iron oxides and vary in color from dark grey, bright yellow, or deep purple to rusty red. The iron is usually found in the form of magnetite (, 72.4% Fe), hematite (, 69.9% Fe), goethite (, 62.9% Fe), limonite (, 55% Fe), or siderite (, 48.2% Fe). Ores containing very high quantities of hematite or magnetite (typically greater than about 60% iron) are known as natural ore or irect shipping ore and can be fed directly into iron-making blast furnaces. Iron ore is the raw material used to make pig iron, which is one of the main raw materials to make steel — 98% of the mined iron ore is used to make steel. In 2011 the ''Financial Times'' quoted Christopher LaFemina, mining analyst at Barclays Capital, saying that iron ore is "more integral to the global economy than any other commodity, except perhaps oil". Sources Elemental iron is virtually absent o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Traded Commodities
The following is a list of futures contracts on physically traded commodities. Agricultural Grains, food and fiber Symbol from "CME Group Website". cmegroup.com. CME Group. Retrieved 2010-10-20. Livestock and meat Dairy Energy Forest products Metals Industrial Metals Precious Metals Other List of 15 largest global commodities trading companies # Vitol # Glencore # Trafigura # Cargill # Salam Investment # Archer Daniels Midland # Gunvor # Beddu-Trading # Mercuria Energy Group # Noble Group # Louis Dreyfus Group # Bunge Global # Wilmar International # Olam International # Cannon Trading Company Commodity exchanges * Chicago Mercantile Exchange * Dubai Mercantile Exchange * Euronext * Intercontinental Exchange * London International Financial Futures and Options Exchange * London Metal Exchange * NASDAQ OMX Commodities * Dalian Commodity Exchange References External links * * * List of Commodity Delivery Dates on Wikinves ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Copper Cartels
Since 1870, there have been several formal attempts to restrict the copper output and raise, in this form, its price. This is a list of copper cartels in the 20th century: * Copper Export Association, CEA, 1918–1923 * Copper Exporters, Inc., CEI, 1926–1932 * International Copper Cartel, ICC, 1935–1939 (created by the World Copper Agreement) * Intergovernmental Council of Copper Exporting Countries, CIPEC, 1967–1988 Prior to the rise of copper prices in late 2003 as part of the 2000s commodities boom The 2000s commodities boom, commodities super cycle or China boom was the rise of many physical commodity prices (such as those of food, oil, metals, chemicals and fuels) during the early 21st century (2000–2014), following the Great Commoditie ... various copper mining companies exhibited cartel-like behaviour. This consisted of announcements made in late 2001 for production cuts for 2002 which were carried out, and a repetition of similar announcements for 2003 in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commodity Market
A commodity market is a market that trades in the primary economic sector rather than manufactured products. The primary sector includes agricultural products, energy products, and metals. Soft commodities may be perishable and harvested, while hard commodities are usually mined, such as gold and oil. Futures contracts are the oldest way of investing in commodities. Commodity markets can include physical trading and derivatives trading using spot prices, forwards, futures, and options on futures. Farmers have used a simple form of derivative trading in the commodities market for centuries for price risk management. A financial derivative is a financial instrument whose value is derived from a commodity termed an underlier. Derivatives are either exchange-traded or over-the-counter (OTC). An increasing number of derivatives are traded via clearing houses some with central counterparty clearing, which provide clearing and settlement services on a futures exchange, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aerospace
Aerospace is a term used to collectively refer to the atmosphere and outer space. Aerospace activity is very diverse, with a multitude of commercial, industrial, and military applications. Aerospace engineering consists of aeronautics and astronautics. Aerospace organizations research, design, manufacture, operate, maintain, and repair both aircraft and spacecraft. The border between space and the atmosphere has been proposed as above the ground according to the physical explanation that the air density is too low for a lifting body to generate meaningful lift force without exceeding orbital velocity. This border has been called the Kármán line. Overview In most industrial countries, the aerospace industry is a co-operation of the public and private sectors. For example, several states have a civilian space program funded by the government, such as NASA, National Aeronautics and Space Administration in the United States, European Space Agency in Europe, the Canadian Space A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Biweekly
Weekly newspaper is a general-news or current affairs publication that is issued once or twice a week in a wide variety broadsheet, magazine, and digital formats. Similarly, a biweekly newspaper is published once every two weeks. Weekly newspapers tend to have smaller circulations than daily newspapers, and often cover smaller territories, such as one or more smaller towns, a rural county, or a few neighborhoods in a large city. Frequently, weeklies cover local news and engage in community journalism. Most weekly newspapers follow a similar format as daily newspapers (i.e., news, sports, obituaries, etc.). However, the primary focus is on news within a coverage area. The publication dates of weekly newspapers in North America vary, but often they come out in the middle of the week (Wednesday or Thursday). However, in the United Kingdom where they come out on Sundays, the weeklies which are called ''Sunday newspapers'', are often national in scope and have substantial circulation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Dollar
The United States dollar (Currency symbol, symbol: Dollar sign, $; ISO 4217, currency code: USD) is the official currency of the United States and International use of the U.S. dollar, several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish dollar, Spanish silver dollar, divided it into 100 cent (currency), cents, and authorized the Mint (facility), minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The U.S. dollar was originally defined under a bimetallism, bimetallic standard of (0.7734375 troy ounces) fine silver or, from Coinage Act of 1834, 1834, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, its equivalence to gold was revised to $35 per troy ounce. In 1971 all links to gold were repealed. The U.S. dollar became an important intern ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
LME Copper
LME Copper is a group of spot, forward, and futures contracts, trading on the London Metal Exchange (LME), for delivery of Copper (Grade A), which can be used for price hedging, physical delivery of sales or purchases, investment, and speculation. , LME Copper contracts are associated with 144,675 tonnes of physical copper stored in LME approved warehouses around the world, or around 0.7% of 2019 world copper production of 20.6 million tonnes. History Despite the small share of physical copper associated with LME Copper contracts, their prices act as reference prices for physical global copper transactions. This practice started in 1966, when Zambia, Chile, and most Copper-producing countries abandoned fixed price copper contracts, and announced that they would set copper contract prices based on the average monthly price of the nearest contract month LME Copper futures contract. This pattern of using LME futures contract prices as reference prices for physical transactions spr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
London Metal Exchange
The London Metal Exchange (LME) is a futures and forwards exchange in London, United Kingdom with the world's largest market in standardised forward contracts, futures contracts and options on base metals. The exchange also offers contracts on ferrous metals and precious metals. The company also allows for cash trading. It offers hedging, worldwide reference pricing, and the option of physical delivery to settle contracts. Overview Ring trading Trading times are 11:40 to 17:00. The LME is the last exchange in Europe where open-outcry trading takes place.BBC Radio 4 '' Today'', broadcast 25 October 2011. The ring was temporarily closed in March 2020 due to the COVID-19 pandemic. In January 2021, LME proposed closing the ring, Europe's last open-outcry trading floor, and moving permanently to an electronic system. However, the ring reopened in September of the same year after resistance from members. In addition to the 9 companies that have exclusive rights to trade in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rare Earth Metals
The rare-earth elements (REE), also called the rare-earth metals or rare earths, and sometimes the lanthanides or lanthanoids (although scandium and yttrium, which do not belong to this series, are usually included as rare earths), are a set of 17 nearly indistinguishable lustrous silvery-white soft heavy metals. Compounds containing rare earths have diverse applications in electrical and electronic components, lasers, glass, magnetic materials, and industrial processes. The term "rare-earth" is a misnomer because they are not actually scarce, but historically it took a long time to isolate these elements. They are relatively plentiful in the entire Earth's crust (cerium being the 25th-most-abundant element at 68 parts per million, more abundant than copper), but in practice they are spread thinly as trace impurities, so to obtain rare earths at usable purity requires processing enormous amounts of raw ore at great expense; thus the name "rare" earths. Scandium and yttrium are ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tellurium
Tellurium is a chemical element; it has symbol Te and atomic number 52. It is a brittle, mildly toxic, rare, silver-white metalloid. Tellurium is chemically related to selenium and sulfur, all three of which are chalcogens. It is occasionally found in its native form as elemental crystals. Tellurium is far more common in the Universe as a whole than on Earth. Its extreme rarity in the Earth's crust, comparable to that of platinum, is due partly to its formation of a volatile hydride that caused tellurium to be lost to space as a gas during the hot nebular formation of Earth. Tellurium-bearing compounds were first discovered in 1782 in a gold mine in Kleinschlatten, Transylvania (now Zlatna, Romania) by Austrian mineralogist Franz-Joseph Müller von Reichenstein, although it was Martin Heinrich Klaproth who named the new element in 1798 after the Latin 'earth'. Gold telluride minerals are the most notable natural gold compounds. However, they are not a commercially signif ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
