Money control Commodity Tips for Trading Copper Metal

Copper is a red metal, said to be one of the most electrically conductive metal element among all. It is considered as the oldest metal commodity known ever. It holds a strong position in the worldwide economy. The metal possesses several properties such as it is highly conductive, highly malleable, and also holds anti-bacterial qualities. Further, it doesn’t rust. Most traders invest in this metal and follow the essential money control commodity tips to make effective decisions for making huge profits in minimum investment. Copper is a metal that occurs naturally in different minerals that are later mined and employed as a chief component in several metal alloys such as brass and bronze. It has an artistically pleasing red color that also makes the metal a demanding component for artistic and architects material.

Physical properties of copper:

• Strength – A weak metal with a ductile strength about half of that mild carbon steel. This is the reason why copper is not treated as a preferable component for structural applications. Copper can be easily formed by manually.
• Toughness – Even though the metal consist a weak ductile strength, it is not easy to break because of its high toughness property. The property makes it a good choice for piping and tube applications, where a break or split can be dangerous and expensive.
• Ductility – Copper holds a property of high ductility and is also highly malleable. Thus, the component is widely used in the electrical and jewelry industries due to its high ductility.
• Conductivity – Copper is not just a brilliant conductor of electricity but, also of heat, second after the silver. Therefore, copper is widely used in the household applications such as cookware to quickly heat the food inside the utensil.

Hence, copper exists in several deliverable grades; the traders utilize the money control commodity tips to trade in high grade copper futures contracts under the ticker symbol of HG.

Copper market:

• Copper is widely used worldwide in the construction business market as it is used in plumbing and electrical wiring because of its anti-corrosive and conductive properties.
• Some countries also use the metal for producing currency coins.
• Due to its anti-bacterial properties, many people also use it as an alternative medicine, who fashion it into necklaces and wrist bands.
• Russia and the United States are at the forefront for producing refined copper, whereas, the United States of America and Western Europe are the leading consumers of the metal.
• As the industrialization is increasing worldwide, it is expected that demand for copper will raise in the global market and so the commodity prices as well.

The author is associated with the Moneycontrol Tips and he has written many content on share market tips, stock tips and other finance related topics.