London Metal Exchange Copper ore prices
The most common ore of copper is Copper pyrite CuFeS2 but other ores are also exist.
I know the following ores of copper Chalcopyrite, Copper Glance, Chlcocite, Malachite, Cuprite
Copper ore is primarily composed of copper, along with various other elements such as sulfur, iron, and trace amounts of other minerals. The exact composition varies depending on the specific location and type of copper ore being mined.
Mangenite is magneisum ore. Haemetite is iron ore. Malakite is copper ore. Bauxite is aluminum ore.
Chalcopyrite is the most common copper ore, accounting for about 70% of copper production worldwide. It is a copper iron sulfide mineral that is typically found in hydrothermal veins.
the comex prices are in pounds and the lme prices are in tonne so u divide the lme price by 2240 to get the comex price
Price /Quality: LME based as in the contract. LME CASH x % Cu x FACTOR% ( Paying Rate) x (1-H2O) = Price USD/DMT CFR ..... +28,00% : LME(Cash buyer) X Cu% ....% Factor X (1-moisture)/ DMT 25-27,99% : LME(Cash buyer) X Cu% ...% Factor X (1-moisture)/ DMT 23-24,99% : LME(Cash buyer) X Cu% .....% Factor X (1-moisture)/ DMT
LME is the the London Metal Exchange. This is like the stock market where at the end of day there is a set price on various metals (copper, aluminum, gold)
To convert copper prices from COMEX to LME, you can monitor the daily price differentials between the two exchanges. Due to variations in demand, supply, and other market factors, prices may differ. Use this differential to adjust the prices as needed for comparison and analysis.
LME (London Metal Exchange) registered copper refers to copper that meets the exchange's quality standards and is stored in LME-approved warehouses for trading. Non-LME registered copper may still meet industry standards but is not stored in LME-approved warehouses. The main difference lies in the storage location and the ability to trade on the LME platform.
a copper ore
The mineral malachite is an ore of copper.
A refinery separates copper from its ore.
Most copper ore occurs as copper in combination with oxygen, yes.
The most common ore of copper is Copper pyrite CuFeS2 but other ores are also exist.
Copper is typically extracted from the ore chalcopyrite, which is a copper iron sulfide mineral. Other ores that contain copper include bornite, chalcocite, and covellite.
Copper Ore.