Copper futures are financial instruments used for trading copper as a commodity. Traders can speculate on the future price of copper and manage their exposure to price fluctuations. A copper futures contract represents an agreement to buy or sell a specific quantity of copper at a predetermined price and date in the future. These contracts are traded on commodity exchanges, such as the New York Mercantile Exchange (NYMEX) and the London Metal Exchange (LME). Copper futures are utilized by a diverse range of market participants, including copper producers, manufacturers, and investors. The price of copper futures is influenced by factors such as global supply and demand dynamics, economic growth, industrial activity, and geopolitical events. Traders should carefully evaluate their objectives and risk tolerance before participating in copper futures trading, as it carries inherent risks.
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