Are you bullish or bearish on copper exchange traded funds (ETFs)? If you can’t decide, don’t feel bad: it seems like some analysts are similarly mixed on its direction these days.
On the one hand, BlackRock is feeling bullish on resources like coal, iron ore and yes, copper. [Gold ETFs: After a Run, Now What?]
According to Reuters, BlackRock notes that “the fundamentals are so clear.” Copper will also be in on major demand, as emerging markets begin to build up again. [Copper ETFs Inspire Bullish Predictions.]
On the other hand, some believe that copper could hit a price ceiling, and that would cause Chinese demand to dip, says Commodity Online. But that aside, the analyst still projects gains for the metal, though they be more tempered.