What it is
A reddish metal that conducts electricity and heat very well. It is in wiring, motors, plumbing and electronics, so its price is widely read as a sign of how busy the world’s factories and building sites are.
How it is usually quoted
US dollars per tonne in London; US dollars per pound in New York.
This is the customary unit of the reference market. Other markets for the same commodity may use another unit or currency, and an exchange can change a contract’s terms: its own rulebook is the authority.
Where the reference contract trades
London Metal Exchange (LME), CME (COMEX) and the Shanghai Futures Exchange.
Named for orientation only. Naming an exchange or a market here does not mean that GIO4X gives access to it.
What commonly moves it
- Construction and manufacturing, especially in China
- Electrification: power grids, electric vehicles and renewable generation
- Strikes, falling ore grades and water shortages at mines in Chile and Peru
- Stocks in exchange warehouses
- The US dollar
These are the things people who follow this market usually watch. They explain how the market works; they do not say what the price will do next.
Where it comes from
Chile is the largest miner, followed by Peru, the Democratic Republic of the Congo, China, the United States, Indonesia and Zambia.
The order of producers changes from year to year, so no quantities or shares are given here.
At GIO4X
Copper is not offered as a GIO4X instrument. This page is general education about a market that exists elsewhere, and nothing on it means that GIO4X quotes, trades or gives access to it.
The commodities GIO4X does list are Brent crude, gold, natural gas, palladium, platinum, silver and WTI crude.
Words worth knowing
A reference page. Educational information, not investment advice or a recommendation to trade. It gives no price and no forecast.