Today, copper prices soared to records despite any concerns about China’s possible interest rate hikes, says The Wall Street Journal. Next year could bring more gains, since many analysts think supplies will get even tighter. Add an ETF to the mix, and things could go gangbusters.
Currently, you’ve got three options to play copper through the exchange traded note (ETN) iPath Dow Jones-UBS Copper ETN (NYSEArca: JJC), a debt instrument that tracks copper futures, or invest in copper-mining ETFs, like the Global X Copper Miners ETF (NYSEArca: COPX) and First Trust ISE Global Copper Index Fund (NASDAQ: CU). You can also get a little copper futures exposure in PowerShares DB Base Metals (NYSEArca: DBB), along with aluminum and zinc. [Copper ETFs Move to All-Time Highs.]
For more information on copper, visit our copper category.
Max Chen contributed to this article.