Jessica Gao, Phil Schloss
Produced all over the worldLargest producers: Zambia, Zaire, Chile, Peru, USA, and
Russia
CIPEC: Zambia, Zaire, Chile, and PeruCIPEC = 70% of worlds Copper exports
WHO PRODUCES COPPER?
Mines all over South America, North America, parts of Africa, and Asia
Largest mine in Chile (Exotica Mine)
Produced 4% of Chile’s Copper exports.
Large firms produce Copper
Takes a lot of resource to export and make useable
WHERE IS IT TRADED?
Copper is traded on three commodity exchanges:
The London Metal Exchange (LME)
The Commodities Exchange Division of the New York Mercantile Exchange (COMEX/NYMEX)
The Shanghai Metal Exchange (SHME).
GOODS MADE FROM COPPER
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World Copper Agreement/International Copper Cartel
-March 28, 1935- 1939-African, South American and
European Producers-Focus on market outside the US-smooth fluctuations and indirectly influence price
CIPEC (Intergovernmental Council of Copper Exporting Countries)
-similar to OPEC, limit of supply-1967-1988-objective to increase price-failed to happen, due to low
inventories -US never a member
Participation of speculators Purchases risk of price variation Monetary rewards
History of Copper-Used as far as 10 000 years ago-2500 BC copper tin alloys-Start of Bronze Age-Copper used to treat infections
and sterilize water-Brass used in many civilizations-Industrial Revolution
Physical Properties • Malleable and Ductile • Excellent Electrical Conductor • Excellent Alloying Characteristics • Resistant to Corrosion • Formable• Excellent Heat Transfer Characteristics • Durable • Recyclable
Forms of Copper-Shipped as cathode, wire rod,
billet, slab or ingot to fabricators-Extrusion, drawing, rolling,
forging, melting, electrolysis-Fabricators form wire, rod, tube,
sheet, plate, strip, castings, powder-Shipped to manufacturing plants
Picture URLs:http://www.nsrw.com/images/copper.jpg http://gwydir.demon.co.uk/jo/minerals/pix/copper1.jpg http://www.coinfacts.com/colonial_coins/new_jersey_coppers/nj_copper_fake_obv.jpghttp://www.asia.ru/upload_images/97/96220/1426568.jpghttp://www.guitarsplususa.com/images/strings/fender/fender-3250R-lg.jpg http://www.allproducts.com/manufacture100/yushung/Product-2007112311734-s.jpghttp://www.tesorosltd.com/images_2006/copper_goods2_small.jpg Information2008. International Copper Association. 30 Oct 2008 http://www.copperinfo.com/index5.html "World Code," Time Magazine 08 Apr 1935. 30 Oct 2008 http://www.time.com/time/magazine/article/0,9171,748774-2,00.html "Market Information in Commodities Area." Info Comm - UNCTAD 30 Oct 2008
<http://www.unctad.org/infocomm/anglais/copper/sitemap.htm >. Intergovernmental Council of Copper Exporting Countries. Mar 2007. Wikipedia. 30 Oct 2008
<http://en.wikipedia.org/wiki/Intergovernmental_Council_of_Copper_Exporting_Countries>. World Copper Agreement. Wikipedia. 30 Oct 2008 <http://en.wikipedia.org/wiki/World_Copper_Agreement >. Edelstein, Daniel. "Copper." USGS. 30 Oct 2008 <http://minerals.usgs.gov/minerals/pubs/commodity/copper/240798.pdf >. Chimni, B. S.. "International Commodity Agreements." 140-142 30 Oct 2008 <http://books.google.com/books?
id=dNMOAAAAQAAJ&pg=PA17&lpg=PA17&dq=international+copper+cartel+influence+price&source=web&ots=pb1gOvuU__&sig=E58LCgESjeifKz32YLdpLtF7Qno&hl=en&sa=X&oi=book_result&resnum=4&ct=result#PPA141,M1>.
Edelstein, Daniel. "COPPER." COPPER 7/24/1998 4. 2 Nov 2008 <http://minerals.usgs.gov/minerals/pubs/commodity/copper/240798.pdf>.
TIME Magazine. "Imitating OPEC." Time. 2 Dec. 1974. Time Magazine. 28 Oct. 2008 <http://www.time.com/time/magazine/article/0,9171,945296,00.html>.
