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iPath Bloomberg Copper Subindex Total Return Sub-Index ETN
Copper is a nonferrous metal that can serve as a barometer for the health of the global economy. Economic expansion tends to drive the price of the red metal higher and contraction lower. Moreover, the price of copper is particularly sensitive to the Chinese economy. Copper is an essential building block for infrastructure around the world. With the world's leading population and second-largest GDP, China is the demand side of the equation for many commodities, including copper.
The trade war between the US and China has weighed on economic growth in the Asian nation. As