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A Surprise YTD Rally in Copper ETFs
One of this year’s thematic surprises has been the outperformance of copper and copper-themed ETFs. There have been outsized returns ranging from 16% to over 20% YTD. Copper is a commodity metal known historically as “Dr. Copper” by economists based on its usefulness in assessing the “health” of the economy. Copper is one of the most widely used metals in the world. It is essential in many industries, from building and construction to electronics and, more recently, renewable energy applications. This would include electric vehicles and solar and wind power. What’s Going on With Copper? Copper is trading ... (full story)