![]() The methodology harnesses FactSet’s Revere Business Industry Classification System (RBICS) to screen for companies classified under the ‘Base Metal Mining’ industry group. Companies domiciled outside of North America are eligible for inclusion. The index selects its constituents from a universe of US and Canada-listed stocks of companies with market capitalizations above $2 billion and average daily trading volumes greater than $2 million. The ETF targets the copper mining industry by tracking the Solactive North American Listed Copper Producers Index. Now, with the demand driven by the green energy and electric vehicle boom, copper could continue to benefit from its usage in the cutting-edge technologies of tomorrow.” A key metal for electrical conduction, for decades, copper consumption has steadily increased as countries – particularly in Asia – have undergone massive economic expansion. Renewable energy systems, including wind, solar, and hydropower, require copper to generate, transmit, and store electricity, while electric vehicles can use more than double the copper of an internal combustion engine vehicle.Ĭommenting on copper’s ubiquitous use, Steve Hawkins, President and CEO of Horizons ETFs, said: “More than any other metal today, copper is arguably the most important for fuelling the future of global growth. Copper” given that its consumption is often used to gauge the health of the global economy – increasing copper usage typically corresponds with periods of worldwide economic expansion.ĭemand for copper is also being driven by the climate transition as the metal is an essential component of technologies helping to usher in a low-carbon future. The Horizons Copper Producers Index ETF (COPP CN) will list on the Toronto Stock Exchange on 17 May and will come with a management fee of 0.65%.Ĭopper is one of the world’s oldest industrial metals and an important input in the manufacture of infrastructure such as urban buildings as well as numerous electronic technologies.Ĭopper’s wide range of applications has earned it the nickname “Dr. On the other hand, the First Trust ISE Global Copper Index (NYSE: CU) and the Global X Copper Miners ETF (NYSE: COPX) have left JJC in the dust.Copper consumption is often used to gauge the health of the global economy. When it comes to copper, the iPath DJ-UBS Copper TR Sub-Index ETN (NYSE: JJC) hasn't disappointed. Sure, the iShares Silver Trust (NYSE: SLV) has been on fire, but the Global X Silver Miners ETF (NYSE: SIL) has been even better. Gold mining ETFs, such as the Market Vectors Gold Miners ETF (NYSE: GDX) and the Market Vectors Junior Gold Miners ETF (NYSE: GDXJ) have outperformed funds like the SPDR Gold Shares (NYSE: GLD). ![]() This is a trend that has already made itself clear with gold and silver. The reason is simple: In the ETF world, there are already exceptional ways to play copper. ![]() So as JPMorgan, Deutsche Bank (NYSE: DB), iShares and ETF Securities race to bring the first ballyhooed physical copper ETF to market investors may do well to, gasp, pay this even minimal attention. Remember, the red industrial metal has never traded above $9,000 per ton. RBS has said a copper-backd ETF could boost prices to $4.50 a pound and one analyst quoted in a Financial Times piece said a successful copper ETF could be the difference between copper priced at $8,500 per ton and $10,000 per ton. There was the recent bit about JPMorgan Chase (NYSE: JPM) massive $1.5 billion copper trade on the London Mercantile Exchange. ![]()
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