“Even before Trump, obscure metals like tin were prospering this year as demand rose and supplies shrank. Trump’s ambitious plans could give industrial metals additional momentum as base metals including copper, aluminum and lead are essential ingredients in construction and manufacturing,” reports CNBC.
After starting the year as a laggard among commodities exchange traded products, the iPath Bloomberg Copper Subindex Total Return ETN (NYSEArca: JJC) has recently been a leader among metals-related exchange traded products.
Other options for accessing base and industrial metals include the PowerShares DB Base Metals Long ETN (NYSEArca: BDG) and the ETRACS CMCI Industrial Metals Total Return ETN (NYSEArca: UBM). The remainder of DBB’s lineup is allocated to zinc and aluminum.
ETNs “are debt-backed securities, trade on very low volume compared to ETFs and also have very small asset bases compared to ETFs,” notes CNBC.
For more information on the metals, visit our industrial metals category.