2024-06-03 12:38:21 ET
Summary
- Copper reaches record high, highlighting its growing importance in the global market.
- Copper futures have been on an upward trajectory since a significant correction in 2022.
- Upside target for copper is over $6.80 per pound, with potential for significant gains in the long term.
- CPER is a copper ETF product that follows the metal's price.
In a March 21, 2024, Seeking Alpha article on copper and the CPER ETF, I concluded:
If copper is on a path that breaks out and challenges the 2022 record high, CPER could be a golden ETF to add to your portfolio.
Read the full article on Seeking Alpha
For further details see:
CPER: New All-Time Highs In Copper And A Correction