price of copper today - stock quotes, ways to invest in the metal
the price of copper today online is reflected in the stock graph, the values are expressed in U.S. dollars for a ton. Copper - a metal pink-Golden color, with excellent electro and heat-conductivity, which makes it useful and necessary resource for various spheres of industrial production.
Red metal used people at all times for the manufacture of crockery, armor, guns and swords, interior items, and so on. In ancient times, this metal is mainly used in the blacksmith's work, but in our days it is considered to be one of the most important raw material resources of the world.
Today copper industry reached record levels of production and consumption for all time of its existence. This resource is widely used in industry for the manufacture of high-temperature wires, power cables, pipes, batteries, etc. And numerous copper alloys are actively used in construction, automobile industry, electrical engineering, electronics and other industries. Popular alloy of gold and copper.
the price of copper today - how to invest in the red metal
The person, who buy the copper, mainly pursue the production tasks. But in addition to the purchase of the red metal can be carried out as in investment, and in the speculative purposes. Such operations are carried out through the purchase and sale of a futures contract, the basic asset of which is copper.
Futures for copper
invest in the metal can with the help of futures, which is drawn on the stock exchange during the trading session. His price for 100 kilogram (presented by the two relevant futures - middle and far).
This contract is the basic encoding «CU» and is a calculation tool, which means the lack of a physical delivery of the metal on the results of the treatment of the futures. After the expiry of the contract occurs only transfer the difference in prices, i.e. the financial result is written off from the account of a loser to the account of the winning bidder. The base of calculation is the official price of copper today canned Metal Exchange in London (LME).
