Copper ETFs are set to be the next big thing in commodities trading. Latest estimate says that China will triple its consumption of copper to 20 million tons by 2020. China will account for 49% of world copper sales by then. With ETFs getting active, copper price is going to be bullish in the coming months. Base metals analysts have predicted that copper price might rise by 50% to $12,000 a metric ton in the next 12 months.
Goldman Sachs, JP Morgan, Deutsche Bank, and BlackRock are leading investors behind new Copper ETFs that would trade on leading stock exchanges like NYSE, while investors derive prices from LME copper index and comex copper futures.
There are already a few Copper ETFs listed across exchanges in the USA, like:
- First Trust ISE Global Copper (NASDAQ: CU)
- Global X Copper Miners ETF (NYSEArca: COPX)
- iPath DJ-UBS Copper (NYSEArca: JJC)