Copper ETFs Surge as Chinese Traders Return
Global copper prices chased after gains in China where the most-traded copper contract on the Shanghai Futures Exchange SCFcv1 rallied to as high as 63,290 yuan, or $9,784, up almost 6% and touching its highest since September 2011, Reuters reports. Fueling the ongoing rally in the industrial metal, China, the biggest metals consumer, has seen a surge in demand on its rebounding economy. Additionally, there were increased expectations of tight supply and a rush of speculative investment, with m...
Shanghai Futures Exchange Scfcv United States Copper Index Fund Lunar New Year Shanghai Futures Exchange Exchange Traded Funds Mo Ney
Source: etftrends.com