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home / news releases / CPER - Despite Poor Forward Indicators Copper Is On A Roll


CPER - Despite Poor Forward Indicators Copper Is On A Roll

Original Post

By Stuart Burns

There seems to be no holding copper. The metal's price hit an eight-month high this month, helped over the line by the Federal Reserve dropping plans for further interest rate hikes this year.

But much of the rise seems to be on the back of positive investor sentiment over falling LME inventory and the expectation the rise of electric car demand will strain copper supply.

Firstly, those inventories.

Apart from a large delivery earlier this month, copper has been on a steady decline, as the below graph from Kitco illustrates.

Read more ...

Stock Information

Company Name: United States Copper Index Fund ETV
Stock Symbol: CPER
Market: NYSE

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