A near-term issue for copper is the ability of the Trump Administration to get its ambitious infrastructure efforts off the ground, something many market observers believe will not happen until next year. Additionally, if that effort does not approach the $1 trillion in expenditures promised by the president on the campaign trail, markets could be disappointed.
Related: Copper ETF Concern as Trump’s Infrastructure Plan Falls out of Spotlight
Copper prices are benefiting as investors anticipate greater demand out of China and increased infrastructure projects under President Donald Trump.
Copper miners are benefiting as well. For example, the Global X Copper Miners ETF (NYSEARCA:COPX) is up nearly 7% over the past week, bringing its year-to-date gain to 12.5%. COPX tracks the Solactive Global Copper Miners Index.
For more information on Copper ETFs, visit our Copper category.