Copper Trading

Copper Trading

Copper is known as a soft, adaptable red material and ranks third in the most used metals after both iron and aluminum. It is also used in wires because it is a very strong conductor.

Copper is the first metal used by humans being abundant in land. Its versatility in the field of industry and construction increases the volume of demand. Chile and the United States may not be able to meet these demands in the future since they are number one producers as well as being largest owners of copper reserves, attracting many traders.

Factors that Impact Copper Prices:

  • - Chile is the largest producer of copper by one-third of global production, while China is the largest consumer. Therefore, you should pay attention to the news of these two countries because of their influence on copper prices.
  • - Copper is a key element in construction work, hence, increases in construction work impact copper prices.
  • - The high demand and the initial signs of low availability in the market should raise prices, that is, it is impacted by availability.

Advantages of Copper Trading with Investing1:

  • - Take advantage of copper price changes.
  • - Leverage up to 1:400.
  • - Low spreads to increase your profits.
  • - Very fast response to executing commands.
  • - Technical support throughout the trading period.
  • - Take advantage of daily analyses.

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