Copper (Cu) is a chemical element and atomic number 29, group 11, period 4, and atomic weight 63.546. The Copper (Cu) is a reddish-brown metal that is a good conductor of electricity and heat, found in the free metallic state in nature. This native copper was first used (8000 BC) as a substitute for stone by New Stone Age. (Refer to the Chemical Element; Periodic Table)
Related Definitions in the Project: The Element and Substance
Example Article of the Copper:
Construction Industry Braces for Impact as Copper Prices Rise (Source: Oil Price on 14 May 2024): By Metal Miner - The Construction MMI (Monthly Metals Index) remained firmly in a sideways trend, only budging upward by 1.28%. The rising price of iron ore PB fines in China had the heaviest impact on the index, holding it more up than down. After that, the next biggest factor was European commercial 1050 aluminum sheets. Meanwhile, all other components of the index’s metal prices trended sideways or down. Despite this, the recent ban on Russian aluminum and copper could impact aluminum and copper prices and snowball into the U.S. construction industry. Recent increases copper prices could pose a significant challenge for the U.S. construction industry and the copper market. The primary drivers behind the escalating prices is projected supply-demand imbalances and the recent LME and CME ban on Russian copper. With copper being a crucial material used in various construction applications, including electrical wiring, plumbing, and roofing, recent price increases could have ramification for construction projects all across the nation. ...
Copper and Gold: Key Indicators for Predicting Economic Trends (Source: Oil Price on 22 January 2024): By ZeroHedge - The copper/gold ratio is diverging from its usual correlation with 10-year Treasury yields, indicating a possible decline in yields. The Federal Reserve's dovish policy shift, with rate hikes slowing down, aligns with the ratio's implication of lower Treasury yields. Historical reliability of the copper/gold ratio as a leading indicator for economic trends suggests a downward trajectory for interest rates in the coming year. In the realm of institutional asset management, the copper/gold ratio (blue line) has served as a key indicator for some, providing insights into the potential trajectory of 10-year Treasury yields (red line). There are unique dynamics at play between these two metals, with copper being an industrial necessity and gold serving as a stable safe-haven. ...
Copper Prices Stuck As Stockpiles Skyrocket (Source: Oil Price on 26 September 2023): By Metal Miner - Via Metal Miner - The Copper Monthly Metals Index (MMI) moved sideways from August to September, dropping just 1.36%. Copper prices continue to trade sideways within a tight range. Amid a lack of bullish or bearish momentum, prices have failed to establish a breakout. Following a 3.34% decline throughout August, prices slid merely 0.53% during the first three weeks of September. As copper prices remain trapped within an increasingly narrow range, rising LME inventories offer no support. Indeed, LME inventories have more than tripled since mid-July and now sit at their highest level since May 2022. This is a clear sign that current demand remains lackluster. Inventories appeared to bottom out on July 13 at 54,225 metric tons. This preceded considerable increases in the ensuing months to where they currently stand at 162,900 metric tons. The rise seemed to pick up during September, as inventories jumped by over 60,000 tons throughout the first three weeks. ...
