Copper is a good malleability, corrosion resistance and electrical conductivity industrial metals. Chile, Peru and China are the major producers. The major usage are power cable, construction and household electrical appliances. LME and COMEX are the main copper futures market, COMEX copper futures contract settle by Electrolytic Copper Cathodes.
Contributing Factors:
1. Supply of major producing countries
2. Industrial demand: electronics, construction, automotive
3. Global economic development
4. Inventory
