Copper – Bloomberg reported that in advance of JPMorgan Chase & Co' s planned launch of a copper-backed fund in the U.S., the market value of the only copper-backed ETP nearly tripled in a month.
Articles Tagged "copper ETF"
Copper – JPMorgan is preparing to launch its exchange-traded fund for physical copper after receiving regulatory approval in December. But detractors aren’t assuaged by the SEC’s view that the launch won’t lead to shortages, price increases and market manipulation.
Copper – The Financial Post reported that some analysts are wondering if the circumstances are ideal right now for JP Morgan to launch their physically- backed Copper ETF, which took two years to gain approval.
Copper – If copper closes the year near its current price of around $9,200 per tonne on the London Metal Exchange, the metal will finish the year with an impressive 35 percent gain in only six months.
Copper – Copper reached a 27-month high on Monday, as the U.S. dollar hit a 15-year low against the Yen, increasing the red metal’s appeal to holders of international currencies.