Copper Miners ETF
There is a huge demand for copper coming from industries. That is why copper cannot be compared with gold or silver. Gold and silver do have their industrial uses but not in the way copper has and copper is not the safe haven gold and silver possess for investors.
Investing in copper is not that popular. Professional traders in metals and recycling companies do hold large amounts of copper in expectation of better prices but in general it is the demand from industry and thus the health of the global economy that is driving prices.
A part of the copper available on the market comes from recycling but far-out the largest amount is directly mined from copper mines. The price of copper is made through supply and demand. The major cause of an increasing copper price is a growing global economy. A slowing economy makes prices tumble.
Of course share prices of copper mines are directly related to the copper price but as we have seen with gold and silver the same goes with copper: prices of a copper miners ETF may rise much faster (or go down faster) than the copper price itself. A difference of 400% in prices over a few years is possible.
Global X Copper Miners ETF
This Global X Copper miners ETF is tracking the Solactive Global Copper Miners Total Return Index. About 25 copper miners are included. Almost 40% is coming from Canada. Australia is second with a 15% share in this copper miners ETF. The UK is third with 15%.
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Global X Copper Miners ETF info:
ETF provider: Global X
Exchange: NYSE Arca