iPath Bloomberg Copper Subindex Total Return ETN

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United States Copper Index Fund

(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

Goldman Sachs Physical Gold ETF

Invesco DB Gold Fund

DB Gold Double Long ETN

SPDR Gold Trust

SPDR Gold MiniShares Trust

iShares Gold Trust

iShares Gold Strategy ETF

VanEck Merk Gold Trust

ProShares Ultra Gold

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

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

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?

Despite recent copper price weakness, a deeper analysis reveals a more positive outlook for the market. Examining the performance of copper mining companies, represented by COPX, suggests that the decline in copper prices is unlikely to continue.

JJC: Exploring Mining Companies For A Positive Outlook On Copper Prices

GraniteShares Gold Shares

Invesco DB Precious Metals Fund

Aberdeen Standard Gold ETF Trust

iShares Silver Trust

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

JJC: When ETN Structures Can Trip Your Portfolio.

JJC: When ETN Structures Can Trip Your Portfolio

ARK Industrial Innovation ETF

Amplify Lithium & Battery Technology ETF

First Trust NASDAQ Global Auto Index Fund

Global X Copper Miners ETF

Global X Autonomous & Electric Vehicles ETF

Fidelity Electric Vehicles and Future Transportation ETF

iShares Self-Driving EV and Tech ETF

iPath Bloomberg Nickel Subindex Total Return ETN

KraneShares Electric Vehicles & Future Mobility Index ETF

Global X Lithium & Battery Tech ETF

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.

News for iPath Bloomberg Copper Subindex Total Return ETN Stock (JJC)