Meanwhile, Rio Tinto Group reported that production of the metal has fallen, which will threaten the supply when demand picks up. [Copper ETF Declines, Ending Four-Day Winning Streak]
“As long as there’s the threat of a slowdown, the pressure will be there for China to stimulate the economy,” Dennis Cajigas, a senior market strategist at Zaner Group in Chicago, said. The Rio Tinto “figures are a factor as well.”
Copper focused ETFs:
- iPath Dow Jones UBS Copper Subindex Total Return ETN (NYSEArca: JJC)
- First Trust ISE Global Copper Index Fund (NYSEArca: CU)
- Global X Copper Miners (NYSEArca: COPX)
iPath Dow Jones UBS Copper Subindex Total Return ETN
Tisha Guerrero contributed to this article.