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Copper (chemical symbol - Cu) is a malleable and
ductile metallic element that is an excellent
conductor of heat and electricity.
It stands at the third place after steel and
aluminum, in the context of consumption.
Copper is an important contributor to the
national economies of mature, newly developed
and developing countries.
Copper is one of the most recycled of all metals. It
is our ability to recycle metals over and over again
that makes them a material of choice.
In 2012, India's production of refined copper is
India produces around 4% of the total world
Sterlite Industries, Hindalco, and Hindustan
Copper are three major producers of copper in
India is emerging as a net exporter of copper on
account of a rise in the production of copper.
Electric and electronic products industry has
become India's largest copper consuming sector.
strong in Asia
less than 30
Demand and Supply
In 2011, world’s copper mine production continued to
underperform with respect to capacity, and remained at the
2010 level of 16.005 million metric tones (MMT).
In 2011, the global refined copper production was 19.630 MMT,
up from 18.998 MMT in 2010.
The global refined copper consumption was 19.988 MMT,
compared with 19.375 MMT in the previous year.
On a regional basis, refined copper production increased in
Africa (11%), Asia (6%), Europe (4.5%) and Oceania (12.5) but
decreased in the Americas (-3.5%).
Factors Influencing the Market
Economic events such as the national industrial growth,
global financial crisis, recession and inflation affect
natural disaster, supply disruption, accident, strike,
and so forth, or industry restructuring, all affect metal
Geopolitical events involving governments or
economic paradigms and armed conflict can cause
Commodity-specific events such as the construction of
new production facilities or processes, new uses or the
discontinuance of historical uses also affects prices.
Trading unit 1MT
Quotation/ base value 1MT
Maximum order size 70MT
Tick size 5 paisa/kg
daily price limit 4%
Initial margin 5%
Delivery unit 9MT with tolerance limit of +/- 1%(90 kg)
Delivery margin 25%
Delivery centre Within 20km outside Mumbai octroi limit
Delivery logic Both option