Copper Market

 

In 2010, the LME average annual price of copper was US$ 342.0 per pound; it reached a maximum price of US$ 441.77 per pound on 31 December 2010.

The following graph compares copper price behaviour in 2009 and 2010.

All base metals traded on the London Metal Exchange had a similar behaviour in 2010. Nevertheless, nickel and tin were the best-performing metals during the period.

 

 

 

 

Sales

Total sales revenue from copper, byproducts and copper processing services was US$ 16.066 billion in 2010. Copper represents 92% of total sales and byproducts 8%.

Revenues from own and third-party copper sales totalled US$ 14.715 billion, which corresponds to a total 1.98 million metric tonnes.

Other item sales include anode slime, sulphuric acid, precious metals and revenues from copper processing services.

By-products sales added US$ 1.351 billion to Codelco revenues, of which US$ 720 million correspond to molybdenum and US$ 631 million to sales (other items) of anode slimes, sulphuric acid and precious metals.