Copper
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52-week rangeThe lowest and the highest price over the last 52 weeks, i.e. a year. It doesn’t depend on the chart period you picked: that’s the convention everywhere. The dot on the bar shows where the price sits inside that corridor right now.4.834 – 6.830
Past yearHow much the price has changed over the last year.+31.4%
Average daily rangeThe average gap between the day’s high and low over the last month, as a percentage of the price. It tells the character: up to 1% calm, up to 2.5% lively, more — wild.1.3%Lively
Trading hoursThe hours when the asset is traded and its price can move.Nearly around the clockon weekdays, with breaks
What it is
An industrial metal: wiring, construction, electronics, electric cars. Demand for copper rises when the economy grows, which earned it the nickname “Dr Copper” — its price is read as a health check on global industry. It is quoted in US dollars per pound and depends on construction and industry in China, disruptions at mines in Chile and Peru, and the dollar. The price shown here is the futures contract for the nearest month — an agreement to deliver later at a price fixed today; when that contract expires, the price rolls to the next month. It trades almost around the clock on weekdays, and is closed at weekends.
News: Copper
AllChina demands copper supply guarantees to approve Anglo American-Teck mergerSources say Chinese authorities are demanding copper supply commitments from Anglo American and Teck Resources in exchange for approving their merger.Deutsche Bank warns of looming copper crunch, sees $10 per pound neededDeutsche Bank says a copper supply crunch is coming and that prices may need to reach $10 per pound to fix the imbalance.
Where to trade: Copper
All
Platforms in your country that offer this asset. This isn’t advice: simulator first, real money later.
