Copper ETFs Rally on Economic Recovery, Chile Supply Concerns (NASDAQ)

Copper-related exchange traded funds jumped Monday as investors raised bets on the improving economy. Meanwhile, Chile, a major copper producer, closed its borders in response to a spike in Covid-19 infections.

Among the better performing non-leveraged ETFs of Monday, the United States Copper Index Fund (NYSEARCA: CPER) was up 3.0% and iPath Series B Bloomberg Copper Subindex Total Return ETN (NYSEArca: JJC) was 3.1% higher. The Global X Copper Miners ETF (NYSEARCA: COPX), which takes a more focused approach to copper miners, increased 2.9%. READ MORE

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