April 05, 2007 at 7:58 am by Tom Lydon
Exchange traded funds (ETFs) with a copper or mining focus should be aware that the demand for this metal will continue. Economic expansion in BRIC countries such as India and China mixed with the U.S. housing demand will keep the need fueled. Copper is used in every major industry - transportation, housing, and machinery. Over the last few years the price of copper has gone from $0.50 to $6.00, with the benefits going to Chile where copper exports make up 50% of their total exports.
China, the biggest consumer of copper, is expected to import more copper from Chile. China’s industry is growing at a fast pace and will need copper to sustain this growth. Yaser Anwar reports that copper has an unrivaled collection of properties that is difficult to substitute.
Although there isn’t a pure copper ETF, there is the PowerShares DB Base Metals (DBB), which holds one-third each of copper, aluminum and zinc.
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May 13th, 2007 at 7:04 am
Greetings
I want to get Copper ETF’s started and a Chile ETF.
Any thoughts on how to jump start the process?
Jack Rhoades
Eurobondonline
Culpeper, Va
540-960-0489
eurobondonline@gmail.com
May 14th, 2007 at 3:21 pm
We would love to see a copper and Chile ETF too; we should expect them in the coming year, since these are two popular areas. Barclays has already filed for a Chile ETF with the SEC.
March 7th, 2008 at 10:22 am
Almost a year later and still no copper ETF