HG=F - Copper Futures,Dec-2018

COMEX - COMEX Delayed Price. Currency in USD
2.8445
+0.1045 (+3.81%)
At close: 4:59PM EDT
Stock chart is not supported by your current browser
Pre. SettlementN/A
Settlement Date2018-12-27
Open2.7620
Bid2.8415
Last Price2.7400
Day's Range2.7520 - 2.8710
Volume155,109
Ask2.8495
  • Gold Prices Fall, Still on Track for First Weekly Climb in 4
    Investing.com19 hours ago

    Gold Prices Fall, Still on Track for First Weekly Climb in 4

    Investing.com - Gold prices headed lower on Friday as a stronger dollar dented demand for the precious metal, but it was still on track for its first weekly climb in four as investors recentered their attention on the Federal Reserve.

  • Reuters2 days ago

    Rio Tinto announces new $3.2 billion share buyback, stock rises

    The news helped to drive Rio Tinto's London share price (RIO.L) nearly 2 percent higher by 0927 GMT and pushed up the Australian listing (RIO.AX) by 3.5 percent. Across the mining sector, a trend to hand money back to shareholders has gathered steam following a recovery from the mining and commodity crash of 2015-16 and pressure from investors not to waste growing piles of cash on buying up assets that may never deliver returns. In its latest move, Rio Tinto, which has already returned more money to shareholders than its peers, said it will conduct an off-market share buyback for up to 41.2 million shares in its Australian entity Rio Tinto Ltd, worth about $1.9 billion, and further on-market purchases of London's Rio Tinto plc shares, bringing the total to $3.2 billion.

  • Reuters2 days ago

    Shanghai bourse plans alumina futures draft in commodities derivatives push

    The Shanghai Futures Exchange (ShFE) aims to release a draft of an alumina futures contract in late 2018 or early 2019, after requests from the market to create a price benchmark for the feedstock used to make aluminium, an official said on Thursday. "We believe that by the end of this year or by the beginning of next year we will release a draft for discussion in public," Zhang Zhiyong, the head of ShFE's non-ferrous metals department, told AZ China's aluminium and raw materials conference in Shanghai. China's major commodity exchanges have been rushing to launch futures contracts on a range of products - from dates to electricity - in recent years as they move to tap investor risk appetite and offer the country's vast industrial sector ways to protect revenue.

  • Reuters2 days ago

    With copper options, China steps up challenge to London, New York rivals

    The Shanghai Futures Exchange (ShFE) will launch copper options trading on Friday, aiming to take a slice of a $270 billion global market in one of its biggest challenges yet to London and New York rivals. The product, which follows the launch of sugar and soymeal options last year, comes as the exchange also considers opening its flagship copper futures to foreign investors, and is a major step in China's prolonged effort to develop its derivatives industry. Over the past decade, the Shanghai bourse which was set up in 1999 has carved out a bigger share of the global copper futures market, challenging the London Metal Exchange's (LME) near dominance as China's economy boomed and retail investors flocked to commodities futures trading.

  • With copper options, China steps up challenge to London, New York rivals
    Reuters2 days ago

    With copper options, China steps up challenge to London, New York rivals

    The Shanghai Futures Exchange (ShFE) will launch copper options trading on Friday, aiming to take a slice of a $270 billion global market in one of its biggest challenges yet to London and New York rivals. The product, which follows the launch of sugar and soymeal options last year, comes as the exchange also considers opening its flagship copper futures to foreign investors, and is a major step in China's prolonged effort to develop its derivatives industry. Over the past decade, the Shanghai bourse which was set up in 1999 has carved out a bigger share of the global copper futures market, challenging the London Metal Exchange's (LME) near dominance as China's economy boomed and retail investors flocked to commodities futures trading.

  • Metal Prices Inch Higher; Gold Sidesteps Rising Bond Yields
    Investing.com3 days ago

    Metal Prices Inch Higher; Gold Sidesteps Rising Bond Yields

    Investing.com - Gold prices rose Wednesday as a subdued dollar and lingering trade concerns lifted demand for the yellow metal, despite a jump in bond yields ahead of a widely expected Federal Reserve rate hike.

  • Quartz3 days ago

    The 286 products that escaped Trump’s tariffs

    The White House has finalized how it plans to apply $200 billion tariffs on Chinese goods. On September 17, the United States Trade Representative (USTR) announced a revision to the preliminary list of 6,031 item categories subject to new US import taxes. Close to 300 of those product groups have been spared, according to a…

  • Gold miner Anglo Asian declares maiden dividend
    The Telegraph3 days ago

    Gold miner Anglo Asian declares maiden dividend

    Gold miner Anglo Asian is to declare its maiden dividend nearly 10 years after it began mining in Azerbaijan and 13 years after listing on London’s Aim market. The company, which has two open pits and an underground mine in the central Asian country, has been on the turnaround trail for the last four years after nearly being overwhelmed by a $50m debt burden. Bill Morgan, chief financial officer, said the company was now in “rude financial health” and was committed to paying regular dividends in future after engineering a “remarkable turnaround”. “Our share price has been up and down but this is very good to be able to say to investors you’re now going to get some return,” he said. “It shows we’ve got a lot of confidence in the future.” Anglo Asian claims it has “first mover” advantage in Azerbaijan as it is one of just two miners operating in the country, which is looking to diversify away from a reliance on oil and gas exports. Mr Morgan said the company had changed its fortunes by building a more efficient processing plant that allowed it to boost production of copper, a metal that is in high demand but was previously treated as a mere byproduct of gold. Anglo Asian announced its Gedabek open pit had 1m ounces of gold in reserve Azerbaijan's president Ilham Aliyev, who has ruled since the death of his father in 2003, was criticised for making his wife vice president last year. But Mr Morgan said the country was a “very stable” jurisdiction to work in compared to other parts of the developed world. Earlier this week Anglo Asian announced its Gedabek open pit had 1m ounces of gold in reserve, extending its life for another six years. The company will pay an interim dividend of 3 US cents a share, for a total payout of $3.4m. Its largest investor is its chief executive and founder Reza Vaziri, with a 16pc stake. Mr Morgan said the company had embarked on a three-year exploration programme to find more resources at its existing sites. “It’s fair to say the best place to find gold is near another gold mine,” he said. Anglo Asian shares have risen 68pc this year, to 54p. Separately, FTSE 100 mining giant BHP Billiton announced that boss Andrew Mackenzie would receive a $100,000 pay rise this year, with a total pay package of $4.66m. Documents lodged at the Australian Securities Exchange also revealed that the company would ask shareholders to vote on a change of name to BHP Group. The miner, which is dual listed in London and Sydney, dropped “Billiton” from its branding last year, but was still named BHP Billiton for legal purposes.

  • Gold miner Anglo Asian declares maiden dividend
    The Telegraph3 days ago

    Gold miner Anglo Asian declares maiden dividend

    Gold miner Anglo Asian declares maiden dividend

  • Metal Prices Mixed as Copper Surges, but Gold Downed by Dollar Rebound
    Investing.com4 days ago

    Metal Prices Mixed as Copper Surges, but Gold Downed by Dollar Rebound

    Investing.com - Copper prices surged Tuesday as the latest volley of tit-for-tat tariffs announced by the U.S. and China were less harsh than many had feared, easing concerns about a downtick in Beijing's demand for metals.

  • Reuters4 days ago

    BHP chief sees pay rise trimmed on production, fatalities

    BHP Billiton (BHP.AX) (BLT.L) Chief Executive Andrew Mackenzie received a $100,000 pay rise in the last financial year but missed out on a higher increase after two fatalities and lower than targeted output of key commodities, BHP said on Tuesday. The increase bumped up Mackenzie's pay to $4.66 million from $4.55 million a year earlier. Target remuneration stood at $7.72 million with a maximum of $13.1 million the in the case of "significant outperformance", BHP said in its annual report.

  • Reuters5 days ago

    BRIEF-MMG Ltd Updates Las Bambas Production Guidance

    Sept 18 (Reuters) - MMG Ltd: * LAS BAMBAS COPPER IN CONCENTRATE PRODUCTION IN 2018 IS NOW LIKELY TO BE IN RANGE OF 375,000 TONNES TO 395,000 TONNES * 2018 C1 COSTS ARE ALSO EXPECTED TO RISE SLIGHTLY ON ...

  • Metal Prices Mostly Higher as Dollar's Dash Lower Eases Trade Concerns
    Investing.com5 days ago

    Metal Prices Mostly Higher as Dollar's Dash Lower Eases Trade Concerns

    Investing.com – Copper prices edged higher as a weaker greenback helped alleviate selling pressure brought on by expectations the U.S. is set to pull the trigger on a fresh round of tariffs against China.

  • Reuters5 days ago

    Russian giant copper project in talks to raise $1.25 billion

    A company owned by Russian billionaire Alisher Usmanov is in talks to raise $1.25 billion (949.79 million pounds) from Russian banks by the start of 2019 to build a massive mining and metallurgical plant at Russia's biggest untapped copper deposit, its chairman said. Large greenfield projects in Russia's energy and mining sector slowed after Russia was hit by Western sanctions four years ago, limiting the economy's access to foreign finance, but some of the bigger projects are now being revived with home-grown financing. Usmanov's Baikal Mining Company, operator of the Udokan copper deposit, is betting on strong global appetite for the metal, which many expect to be in demand for use in electric vehicles.

  • Investopedia5 days ago

    Top 4 Natural Gas Stocks as of July 2018

    Natural gas prices have seen some volatility over the past few months, bouncing between highs near $3.00 per million British thermal units (MMBtu) and lows just above $2.50. The commodity currently trades at roughly $2.

  • Investopedia6 days ago

    Top 5 Copper Stocks for 2018

    With copper prices declining after a period of strength, it is important to look for stability and safety in copper-related investments.

  • Gold Prices - Weekly Outlook: September 17 - 21
    Investing.com6 days ago

    Gold Prices - Weekly Outlook: September 17 - 21

    Investing.com - Gold prices look likely to remain under pressure this week with the prospect of higher U.S. interest rates to the front of metal traders’ minds.

  • Reuters8 days ago

    Chilean lawmakers study extra tax for copper, lithium mines

    Chile's congress is studying a proposal for an additional royalty payment for copper and lithium miners operating in the country to bolster the development of the regions around their deposits, according to a draft seen by Reuters. The initiative, which was put forward by opposition legislators from mining areas and does not have government backing, proposes a 3 percent tax on the nominal value of extracted metals and would apply to copper miners producing more than 12,000 tonnes of copper a year and 50,000 tonnes of lithium. It was sent on Thursday evening to the mines and energy committee of the country's house of representatives, but support for it remains in question since it was put forward by lawmakers from a number of small parties pushing for Chile's decentralization.

  • Reuters9 days ago

    Lundin Mining has hefty M&A appetite for copper, says incoming CEO

    Canada's Lundin Mining Corp is on the hunt for copper mines and projects and willing to spend up to $3 billion on mergers and acquisitions, its incoming chief executive officer said in an interview on Thursday. The base metal miner was recently outbid by China's Zijin Mining Group in its hostile takeover offer for Nevsun Resources.

  • Reuters9 days ago

    Collahuasi copper mine in Chile to raise output 4 pct this year -VP

    The copper mine Collahuasi in Chile is expected to produce 545,000 tonnes of copper this year, 4 percent more than in 2017, its vice president of operations, Francisco Carvajal, told journalists on the sidelines of an event in Peru on Thursday. Collahuasi, owned by Anglo American Plc and Glencore Plc, is located in northern Chile and is among the world's largest copper mines.

  • 3 Top Gold Stocks to Watch in September
    Motley Fool9 days ago

    3 Top Gold Stocks to Watch in September

    Gold hasn't been a very good investment in recent years. As a result, neither have gold stocks. Here are three gold-related stocks that could break that trend.

  • Reuters10 days ago

    Congo mines minister insists no compromise on new mining code

    D emocratic Republic of Congo's mines minister said on Wednesday that a new mining code signed into law in March that hikes royalties and taxes cannot be called into question. Addressing a mining conference in the copper and cobalt-mining city of Kolwezi, Martin Kabwelulu called on industry leaders to work to implement the code as it was promulgated by President Joseph Kabila. Major mining companies including Glencore and Randgold bitterly opposed the code, which axes tax exemptions and hikes royalties and profit taxes.

  • Reuters11 days ago

    GLOBAL MARKETS-U.S. shares lifted by tech and energy; trade woes hurt emerging markets

    A broad index of world stock markets posted gains for a second straight day on Tuesday, as investors piled into U.S. technology and energy stocks even as a trade war loomed. MSCI's index of global equities gained 0.17 percent as investors awaited action from U.S. President Donald Trump after a deadline for public comment on additional tariffs on Chinese goods expired. Energy stocks got a boost from a rally in oil prices.

  • Who Are The Major Shareholders In Copper Mountain Mining Corporation (TSE:CMMC)?
    Simply Wall St.11 days ago

    Who Are The Major Shareholders In Copper Mountain Mining Corporation (TSE:CMMC)?

    A look at the shareholders of Copper Mountain Mining Corporation (TSE:CMMC) can tell us which group is most powerful. Generally speaking, as a company grows, institutions will increase their ownership.Read More...

  • Newmont Acquires 19.9% Interest in Orosur Mining for $2M
    Zacks11 days ago

    Newmont Acquires 19.9% Interest in Orosur Mining for $2M

    Newmont (NEM) acquires 19.9% interest in Orosur Mining for investment purposes.