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COMEX

Comex (Commodity Exchange) is a major commodities futures and options exchange based in the United States, specialising in the trading of metals contracts. It operates as a division of the New York Mercantile Exchange (Nymex), which is itself part of the CME Group, the world's largest derivatives marketplace. Comex is best known for its benchmark copper, gold and silver futures contracts, which serve as global price-discovery mechanisms for these metals. The exchange provides a transparent, regulated platform where producers, consumers, investors and speculators can hedge price risk or take speculative positions on future metal prices. Comex copper futures, in particular, are widely followed by the mining industry and financial markets as an indicator of global industrial demand and economic health. Trading on Comex is conducted electronically through the CME Globex platform, as well as through open-outcry sessions during certain hours. The exchange's price benchmarks influence physical metal transactions worldwide and are closely watched alongside those of the London Metal Exchange. Comex was founded in 1933 through the merger of several smaller New York commodity exchanges and has since grown into one of the most liquid and influential metals trading venues globally. Its contracts are denominated in US dollars and settled either financially or through physical delivery of the underlying metal.

COMEX News


Copper cathodes on a train
US imports more Congo copper as consumer acceptance grows
7th September 2026 By: Reuters

US buyers are increasingly turning to copper from the Democratic Republic of Congo, helping drive record imports from the African producer as industrial consumers capitalise on discounts to... 


Copper
US July copper imports hit highest level on record
4th September 2026 By: Reuters

The US imported a record 225 094 tons of refined copper and copper alloys in July, official data showed on Thursday, as traders continued to ship large volumes of the metal before a tariff is... 


Gold bars
Goldman says options demand could push gold beyond $4 900 forecast
21st August 2026 By: Reuters

Gold prices could surge past Goldman Sachs's $4 900 year-end forecast, as surging demand for bullish gold options may amplify further gains, the bank said in a note on Friday. The bank said a... 


An image of a copper and cobalt mine in the DRC
No material impact anticipated for copper, cobalt market from DRC policy shift – BMI
12th August 2026 By: Tasneem Bulbulia

A Democratic Republic of Congo (DRC) Ministerial Order banning the export of copper and cobalt concentrates, which also introduces a new tax regime, is unlikely to have a material impact on either... 


Copper ore
US copper imports this year unlikely to beat 2025 record, analysts say
8th May 2026 By: Reuters

Refined copper imports into the US this year are not likely to surpass the record shipments of 2025, curbed by already swelling stockpiles and a spike in logistics costs from the Iran war, analysts... 


Stacks of copper
Comex copper stocks hit record high after US arbitrage reopens
23rd April 2026 By: Reuters

Copper inventories on the US Comex exchange have climbed to a record high, data from the bourse showed on Wednesday, as traders take advantage of the renewed price arbitrage to ship metal to the... 


Global copper exchange stocks top 1Mt for first time in two decades
Global copper exchange stocks top 1Mt for first time in two decades
16th February 2026 By: Reuters

Copper stocks on the world's three biggest metal exchanges have exceeded one-million metric tons for the first time in more than two decades, as an inventory build due to soft demand in China adds... 


Speculative frenzy catapults silver above $100/oz
Speculative frenzy catapults silver above $100/oz
23rd January 2026 By: Reuters

Silver prices vaulted above $100 an ounce on Friday, extending a remarkable 2025 surge into the new year as retail investor and momentum-driven buying added to a prolonged spell of tightness in... 


Comex copper premium here to stay, LME executive says
27th November 2025 By: Reuters

Copper prices on the US Comex exchange will enjoy a premium over the London Metal Exchange that is likely to persist over the next 18 months, an LME executive said on Thursday, citing uncertainties... 


Codelco's record China copper offer sparks threats to walk away, sources say
Codelco's record China copper offer sparks threats to walk away, sources say
26th November 2025 By: Reuters

Chilean copper heavyweight Codelco's record high offers to Chinese copper buyers are leading some to declare they will opt out of next year's term contracts as questions grow about the relevance of... 


China's copper exports boom on rising arbitrage, supply
13th November 2025 By: Reuters

Chinese copper exports are on pace to set a record in 2025, with October shipments set to exceed 100 000 metric tons for only the third time ever, as rising domestic supply and higher foreign... 


Copper breakout above $11 000 to be short-lived, Goldman Sachs says
Copper breakout above $11 000 to be short-lived, Goldman Sachs says
30th October 2025 By: Reuters

Current copper market fundamentals justify a price consolidation towards the top end of their $10 000 to $11 000 per metric ton forecast range, Goldman Sachs said on Thursday, while adding that any... 


US hits gold bars with tariffs in blow to Switzerland, FT says
US hits gold bars with tariffs in blow to Switzerland, FT says
8th August 2025 By: Bloomberg

The US government has placed tariffs on imports of one-kilogram gold bars, threatening to shake up the bullion market and dealing a blow to Swiss trade, the Financial Times has reported. The... 


Southern Copper warns that US-China trade war could hit copper in short-term
31st July 2025 By: Reuters

Grupo Mexico's Southern Copper mining unit believes the US-China trade war will hit the global economy, affecting the copper sector, CFO Raul Jacob said on a call with analysts on Wednesday to... 


Trump's watered-down copper tariffs almost crush Comex premium
Trump's watered-down copper tariffs almost crush Comex premium
31st July 2025 By: Reuters

The once-mighty premium US copper enjoyed over the global benchmark shrank to near zero on Thursday as markets clawed back months of gains in hours of frenzied trading after President Donald Trump... 


An image depicting gold bars
Physically backed gold ETF inflows reach $38-billion
25th July 2025 By: Sabrina Jardim

The World Gold Council (WGC) has reported that global physically-backed gold exchange-traded funds (ETFs) saw inflows of $38-billion during the first half of this year, marking the strongest... 


Electrowinning building structure in March 2025.
Taseko says Florence project 90% complete, on track for first production in 2025
22nd July 2025 By: Creamer Media Reporter

Taseko Mines said on Tuesday that construction at its 100%-owned Florence Copper project in Arizona is more than 90% complete and remains on schedule for first copper cathode production before the... 


An image depicting gold bars
Physically-backed gold ETF inflows reached $38bn for the first half
8th July 2025 By: Sabrina Jardim

The World Gold Council (WGC) has reported that global physically-backed gold exchange-traded funds (ETFs) saw inflows of $38-billion during the first half of this year, marking the strongest... 


Ivanhoe Electric pencils in 2026 construction start at Arizona copper mine
Ivanhoe Electric pencils in 2026 construction start at Arizona copper mine
25th June 2025 By: Mariaan Webb

US-based exploration company Ivanhoe Electric has completed a preeasibility study (PFS) for its Santa Cruz copper project in Arizona, confirming the viability of a high-grade underground mine and... 


Kathleen Quirk: Big tariffs and trade wars make us concerned for global copper demand.
Freeport CEO says tariffs threaten to hinder US copper mining
10th June 2025 By: Bloomberg

The threat of US levies on copper imports has been a boon for Freeport-McMoRan, with North America’s top producer cashing in on selling the metal at a premium. Still, the firm’s top boss warns that... 


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pqt: 0.071s - ct: 0.119s - 277pq - 2rq
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