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.

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(Kitco News) - According to the Ministry of Energy and Mines of Peru (MINEM), copper production in Peru, the world's second largest copper producing country, amounted to 240,097 tonnes in October 2023, up 1.9% compared to October 2022 (235,725 tonnes).

Copper production in Peru up 2% in October and 14% in 10M23 - report

(Kitco News) - The main driver for copper prices to go higher is under-supply and not electrification, said Christopher Ecclestone, mining strategist at Hallgarten + Company.

'Copper has been brutally pumped'- Hallgarten's Ecclestone

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Gold prices steadied after recent highs, balancing between Fed signals and geopolitical tensions, with key U.S. data and China's mixed economic cues affecting Silver and Copper.

Gold, Silver, Copper Daily Forecast: Navigating Economic Uncertainty

(Kitco News) - In 2025 primary copper supply will “start to fall off a cliff,” but the copper price isn't high enough yet to incentivize new mine builds, says Nicole Adshead-Bell, chair of Hot Chili (TSXV:HCH).

No new copper projects until the market is 'screaming for it'

(Kitco News) - The National Institute of Statistics and Informatics of Peru (INEI) announced today that the domestic mining and hydrocarbons sector expanded by 3.1% in October 2023 compared to the corresponding period in 2022.

Copper production in Peru up 2.1% in October, mining sector expands 3.1%

(Kitco News) - According to Chile's National Institute of Statistics (INE), the country's industrial production index (IPI) rose 1.1% in October 2023 y-o-y, driven by growth in Chile's manufacturing and electricity, gas and water sectors, while mining was down.

Copper production in Chile falls 4.4% in October - report

(Kitco News) - Copper's traditional role, tracking the overall health of the global economy, is changing, said Todd Warren, portfolio manager at Tribeca Investment Partners.

Everything you know about copper is about to change

(Kitco News) - Copper producer Ivanhoe Mines (TSX: IVN) announced on Monday that the company has been granted 22,195 square kilometres of greenfield prospecting rights for exploration in the Moxico and Cuando Cubango Provinces of Angola.

Ivanhoe launches copper exploration campaign in Angola, eyeing extension of the Copperbelt

The Copper/Gold ratio has been indicating a counter-cyclical environment since June 2022. Copper is cyclical and inflation sensitive, while gold is counter-cyclical and a "liquidity haven.

Copper/Gold Ratio: Still Counter-Cyclical

(Kitco News) - ICSG said that global refined copper balance in 9M 2023 indicates an apparent surplus of about 17kt (8M 2023: 99kt), as refined copper production increased by about 5.3% while refined copper usage grew by about 3%.

Global copper surplus shrinks to 17kt in 9M23, ICSG reports

(Kitco News) - Reuters reported that the company is considering putting the key Panama copper mine in care and maintenance mode starting this week.

First Quantum warns of further winding down, copper prices jump

Green-energy transition requires increasing supplies, but demand is waning.

Copper Market Slump Threatens Shift to Wind Power, Electric Cars

The copper outlook remains pressured by near-term supply and demand headwinds. Leading indicators suggest no respite anytime soon. With copper still trading well above its 'floor' price, I don't see a compelling reason for CPER exposure here.

CPER: Fade The Copper Dip

Lower prices may indicate industry weakness, but the latest checkup with “Dr. Copper” shows the health of the global economy is holding up.

Copper Prices Have Tumbled. Is a Global Recession Coming?

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.

News for United States Copper Index Fund ETF (CPER)