Copper, one of the oldest and easily mined commodities, is the world’s third most widely used metal, after iron and aluminum. Five thousand years ago, people learned to alloy copper with tin, producing bronze and giving rise to a new age.
Copper today is primarily used in highly cyclical industries such as construction and industrial machinery manufacturing. Profitable extraction of the metal depends on cost-efficient high-volume mining techniques, and supply is sensitive to the political situation particularly in those countries where copper mining is a government-controlled enterprise.
Copper futures are hedging tools that offer price mitigation opportunities to a range of copper market participants. They also provide global price discovery and opportunities for portfolio diversification.
Product Symbol HG
Venue CME Globex, CME ClearPort, Open Outcry (New York)
(All Times are New York Time/ET)
|CME Globex:||Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)|
|CME ClearPort:||Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)|
|Open Outcry:||Monday – Friday 8:10 a.m. – 1:00 p.m. (7:10 a.m. – 12:00 p.m. CT)|
Contract Size 25,000 pounds
Price Quotation U.S. Cents per pound
Minimum Fluctuation $0.0005 per pound
Termination of Trading Trading terminates on the third last business day of the delivery month.
Listed Contracts Trading is conducted for delivery during the current calendar month and the next 23 calendar months.
Settlement Type Physical
Since ancient times gold has been coveted for its unique blend of rarity, beauty, and near indestructibility. Nations have embraced it as a store of...Read More from Gold
Crude oil is the world's most actively traded commodity. Light, sweet crudes are preferred by refiners because of their low sulfur content and relatively...Read More from Oil
We provides Access to the world's largest commodities markets and supports the execution of orders with timely research as well as reports.Read More from Commodities
The foreign exchange, or Currency, market is the largest financial market in the world. Nearly $3.2 trillion worth of currencies trade back and...Read More from Currencies
Rodman Barney enables clients to trade contracts covering all major energy markets – whether the markets goes up or down.Read More from Energy
A CFD, or contract for difference, is a contract that rises or declines in value as the stock on which it is based rises or declines in value.Read More