| Company |
Price |
2003 Est. P/E |
Revenue ($billion) |
Market Value ($billion) |
| Anglo |
$14.70 |
12 |
$15.1 |
$21.6 |
| Anglo Gold |
$29.17 |
19 |
$1.8 |
$6.5 |
| Freeport-McMoRan Copper&Gold |
$18.71 |
12 |
$1.9 |
$2.7 |
| GoldFields |
$10.91 |
19 |
$1.8 |
$5.1 |
| Noranda |
$8.54 |
81 |
$4.2 |
$2.0 |
| Phelps |
$32.80 |
MN |
$3.7 |
$2.9 |
| Rio Tinto |
$78.33 |
23 |
$8.4 |
$9.3 |
NA: Not available. NM: Not meaningful. Intraday prices as of April 17. Sources: Bloomberg Financial Markets; Multex and Thomson First Call via Factset Research Systems
Since this list was made the value of these stocks has risen markedly due to rising copper prices.
Copper Futures
This is the same as any other commodity such as gold, silver etc. When one buys copper futures one is betting that the price of copper with either rise or fall depending on the type of futures one buys. Usually the buyer is agreeing to buy copper at a fixed agreed upon price at a future date when that date arrives. The seller also agrees to sell at that agreed upon fixed price. For example. If a buyer and seller agree to buy and sell at5 dollars a pound six months down the track then that will be the price at which the transaction is made regardless of the real price of copper at that time. If copper goes to 7 dollars a pound then the buyer is able to buy the copper for one pound less and the seller must sell for one pound more than the actual price of copper at that time.
In practice few of these future contracts are consummated. Instead copper future speculators are forever buying and selling the contracts with the optimistic hope they will benefit from the fluctuations in the copper price. This is a method of buying copper for the initiated and not for the novice.
Copper Manufacturers
Locate a copper manufacturing company. These can be found the internet and you can buy tubing and or flat sheet copper. Of course there is a premium but if you are buying copper to store and keep this could be a worthwhile exercise.
Scrap Copper
Go to a scrap merchant and buy copper from them. Scrap merchants generally have copper but the sizes and shapes are not going to be standard of course. The main advantage here is that you can often bargain for a good price although it will never be less than the current copper price.
Copper Jewellery
Buy copper jewellery. This is probably the most expensive way to buy copper. The mark-up or premium is going to be well over 100 percent and often much more.
Top of All About Copper
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