Trade Copper Spot

The first metal that was used by people, copper is an excellent electricity provider, which is relatively inexpensive in comparison to silver, gold or other metals. It makes copper very attractive for various industrial applications, including motors, generators, wiring, cooling and heating systems. The price is driven by the global demand with emerging markets, playing a big role. For example, China has experienced a significant increase in consumption of copper due to the country’s strong economic growth. Chile owns 25% of the world’s copper resources, Australia, holds the second place at about 13%. The primary global market for copper trading is the London Metal Exchange. However, the most quoted benchmark online is the CME Group (COMEX). Follow the сopper price today with Capital.com.