United States Copper Index Fund

CPER tracks a rules-based index of copper futures contracts selected based on the shape of the copper futures curve.

iPath Bloomberg Copper Subindex Total Return ETN

Something unusual is happening in the market for copper that hasn't been seen in nearly 30 years. Some see it as yet another sign that the global economy could be headed for a rough patch.

Something unusual is happening in copper markets that hasn't been seen in 30 years

Analysts at RBC Capital Markets, which spotted this shift, say the news reflects the dichotomy between a resilient U.S. economy and a weaker China, the latter of which has gobbled up the yellow metal to fuel its infrastructure building.

For the first time since 2019, the S&P 500 and copper are no longer moving together

Although copper isn't the economic bellwether that it was 50 years ago, it is still an important barometer of economic activity. As you can see in today's chart, Copper fell sharply into the 2020 coronavirus crash before racing higher and rallying just as sharply with the economic recovery into late 2021.

Is the Copper Price Decline About to Turn Ugly Again?

New electric vehicles from Tesla and rivals are being engineered for efficiency in a way that cuts copper content, changes that could limit demand growth for the metal as the next-generation of EVs hits the road, industry analysts say.

Innovation in EVs seen denting copper demand growth potential

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This year remains a challenging one for most commodities as global economic slowing undermines demand. Ongoing uncertainty in the U.S. led to prolonged market volatility in the last six months — volatility that extended to most commodity classes.

California Carbon Allowances a Less Volatile Commodity

Goldman Sachs said rising usage of electric vehicles (EV) was a "key pillar of copper's bullish story", forecasting copper demand from the sector to amount to 1 million tonnes (mt) this year, rising to 1.5 mt in 2025.

Goldman Sachs says rising EV usage to power higher copper demand

Copper prices have jumped as much as 12% from their May 25 low, and that could signal green shoots for the economy. The metal has long been viewed as a leading economic indicator as the commodity is found in all facets of the economy.

Why copper's 12% surge over the past month could signal bright times ahead for the broader economy

Copper could see “unprecedented” investment inflows as investors eye electric vehicle and renewable energy opportunities, Citigroup said this week. The investment bank has predicted a huge influx of investment in the copper market in the coming years, driven by the growing demand for electric vehicles (EVs) and renewable energy sources.

Copper prices rise for third straight week as sector gears up for big investment inflows, analysts believe

Investors are asking when they should buy copper but, according to analysts at UBS, it is not quite time yet.   “Our China copper predictor (about 80% historically accurate) suggests that demand will grow around mid-single digits year-over-year through mid-year from a low (Covid-lockdown) base,” the analysts wrote in a note to clients.

Investors advised to hold off copper purchases ahead of forecast increase in price

The copper market could see an “unprecedented” inflow in the coming years as investors seek to profit from the metal's anticipated surge in value.

Copper Market Poised For Unprecedented Growth: Citigroup's Insights And Predictions

Producers and users are looking to lock in low prices. Plus, investment newsletter commentary on China's punk recovery, Europe's brighter prospects, bank regulations, and a wedding-bell forecast.

Commercial Traders Are Net Long Copper. That's a Good Sign for the Red Metal.

Recent weakness in the copper price has brought the market closer to a fundamental inflection point, UBS analysts wrote in a note to clients, as they now forecast only a modest surplus in 2023, moving to a growing deficit from 2025. “In our opinion, this increases the risk of material price upside over the next 2-3 years (potentially copper's ‘lithium moment'),” the analysts said.

Copper stocks are “getting closer to the bottom” in metal's potential ‘lithium moment'

Copper's performance has been less than stellar this year, with prices of the industrial metal for the second quarter on track to register their largest quarterly percentage loss in a year.

Dr. Copper's weak performance suggests more economic woes ahead

There's been plenty of uncertainty in the air. From our economy to the stock market to politics to war abroad, consumers are concerned.

Are Copper Futures Prices Signaling Slowing U.S. Economy?

Copper prices have normalized lower this year despite a promising start. The uneven post-reopening recovery in China has been a key contributor, along with manufacturing weakness in major global economies.

CPER: Near-Term Copper Outlook Clouded By Demand And Supply-Side Headwinds

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Gold and silver futures declined on Thursday, with silver dropping by nearly 5%, while copper prices marked their lowest finish since November. Some commodities, including gold, copper, and silver, fell sharply Thursday because of a rebound in U.S. dollar and concerns over China,” said Fawad Razaqzada, market analyst at StoneX.

Silver and gold futures decline; copper settles at lowest since November

Cyclical headwinds could limit gains in 2023, but longer-term demand, driven by green power, looks likely to far outstrip supply growth.

The Next Big Bull Market Could Be Copper

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The mining sector has underinvested over the last few years due, in part, to COVID and an emphasis on capital discipline. The speed at which regulators and carmakers want to drive the transition to EVs suggests that battery metals will increasingly be in short supply.

Carmakers Are Chasing Miners

China's reopening and renewable-energy industries are accelerating demand, and prices may rise to $12,000 per metric ton, according to Trafigura.

Copper prices could soar 33% in the next year as global inventories hit lowest since 2008, top metals trader says

Mankind's love affair with copper dates back to some of our most ancient civilizations, well before written records. Archaeologists from Haifa University located a copper tool near the Jordan River estimated to be 7,000 years old.

Copper price outlook: Dwight Anderson sees explosive returns ahead

Sprott Junior Copper Miners ETF

The metal could see a renaissance as its importance has grown amid increased focus on decarbonization.

Playing Copper's ‘Generational Shift'

Futures for base metals posted large gains in January amid worries about low stockpiles.

Metals Rally Fueled by China's Reopening, Tight Supplies

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The yellow metal rose 5.72% in January, compared to 8.39% in the same month eight years ago.

Gold And Copper Look Well-Positioned In 2023

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"Oil prices never went up and copper prices are falling after the initial China reopening excitement fades. Global recession is coming," economist Robin Brooks said.

Oil and copper prices are weakening despite China's reopening. It's a sign a global recession is coming but liquidity issues may also be at play, economists warn

Copper ETFs are likely to surge on supply crunch and global push for clean energy.

News for United States Copper Index Fund ETF (CPER)