#Copper prices how to#

South America supplies a significant amount of copper, particularly Chile and Peru.

Political, environmental, and labor issues can have a big impact on copper prices. Speculators should pay close attention to trends in this market for clues about future copper prices.

The building construction industry is responsible for close to half of the US copper supply. The US homebuilding industry uses copper in electrical wiring, roofing, plumbing fixtures, and insulation among other things.įactors that affect US housing demand, including nonfarm payrolls, mortgage rates, US gross domestic product (GDP), and demographics, also play an important role in determining copper demand. The price of copper may depend greatly on the ability of these countries, as well as other emerging economies like Brazil.Ī halt of growth in emerging economies would almost certainly have a negative effect on copper prices. Fast-growing countries like India and China are accumulating vast amounts of wealth as their economies grow.Īs a result, they have a growing need for infrastructures to support the likes of housing and transportation.Īsia comprises an increasing share of global copper demand. The following four areas represent some of the biggest determinants of copper prices:īecause infrastructure represents such an important part of the demand, emerging markets are a key driver of copper prices. Its price is considered one of the key barometers for the overall strength of the global economy.

#Copper prices how to#

How to Set Google Price Alerts for Copper Price NewsĬopper has many uses in a diverse array of industries.