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Today In Commodities: Livestock Moves HigherMatthew Bradbard • Wed, Dec 19, 2012
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Comparing Copper Mining ETFs Head-To-HeadZacks Investment Research • Fri, Feb 3, 2012 -
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Dr. Copper Takes a BreatherTim Iacono • Tue, Dec 7, 2010 -
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Copper HighHard Assets Investor • Tue, Oct 12, 2010
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Today In Commodities: Livestock Moves HigherMatthew Bradbard • Wed, Dec 19, 2012
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Copper ETFs: What Is All The Fuss Really About?MetalMiner • Thu, Dec 13, 2012
There are no Transcripts on CU.
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at MarketWatch.com (May 16, 2012)
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at CNBC.com (Aug 29, 2011)
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at MarketWatch.com (Mar 13, 2011)
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at MarketWatch.com (Jan 31, 2011)
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at MarketWatch.com (Oct 28, 2010)
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at MarketWatch.com (Oct 8, 2010)
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at MarketWatch.com (Jun 14, 2010)
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at MarketWatch.com (Jun 14, 2010)
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at MarketWatch.com (Jun 13, 2010)
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at MarketWatch.com (Jun 11, 2010)
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at MarketWatch.com (Jun 11, 2010)
CU vs. ETF Alternatives
CU Description
The First Trust ISE Global Copper Index Fund is an exchange-trade fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before the Fund's fees and expenses, of an equity index called the ISE Global CopperTM Index.
See more details on sponsor's website
See more details on sponsor's website
Sector: Basic Materials
Key Info
- In Your Portfolio: A Guide to Sector ETFs, A Guide to Commodity ETFs and ETNs
- Asset Class Performance: Commodities
- All
- | Earnings
- | Dividends
- | M&A
- | On the move
- Monday, April 22, 1:52 PM Goldman Sachs cuts its forecast for copper prices this year, citing rising global stocks and mounting worries regarding China's growth outlook, but says the selloff in Freeport McMoRan (FCX -0.4%) looks overdone. The firm maintains its Buy rating for FCX but lowers its 2013 and 2014 EPS estimates to $3.35 from $4.53 and to $3 from $3.20, respectively. Comment! [Commodities]
- Monday, April 22, 7:11 AM Goldman gets bullish on copper albeit at a lower price point. After a 13% YTD decline the selloff is "overdone," according to the investment bank which cut its three-, six-, and 12-month estimates to $7,500, $8,000, and $7,000 per metric ton respectively. Although some demand concerns are warranted given the cooling of China's economy, "underlying cyclical growth is likely stronger than the headline figures suggest." (Previously: a bear market in copper) 1 Comment [Commodities]
- Saturday, April 20, 8:25 AM Dr. Copper's diagnosis for the world economy: It isn't well. Copper ended the week wallowing in bear market territory after top copper consumer China reported slower-than-expected economic growth. At this point, weak demand and robust supplies could continue to put pressure on copper prices, or heavy short selling may dry up and spur a strong rebound. 4 Comments [Commodities, Global & FX]
- Monday, March 25, 10:42 AM Hedge funds are the most bearish ever on copper as global inventories expand to a nine-year high; speculators raised net short positions in U.S. copper futures and options by 53% to nearly 26K contracts in last week. “We’re sitting on unprecedented stockpiles," BMO's Jack Albin says. “Demand has been pretty tepid... In the global economy, we’re seeing improving growth, but it’s still at a slow rate." Comment! [Commodities, Global & FX]
- Monday, March 18, 5:48 PM Copper prices hit a new 2013 low today, tumbling 2.6% as "the Cyprus news highlights what many investors would like to forget: that the region’s debt problems are ongoing... and that a solution continues to be elusive." This adds to continued China worries, as "more and more copper is piling up in warehouses." Unlike in the stock market, the slightest bit of bad news is enough to weigh on copper. Comment! [Commodities, Global & FX]
- Wednesday, December 26, 2012, 8:33 AM The SEC pushes back an approval deadline for BlackRock's copper ETF just days after approving JPMorgan's offering. As with the JPM fund, lawmakers and those in the industry worry a physical ETF could draw inventory from the world supply, raising both the price and price volatility. Comment! [Commodities]
- Thursday, November 29, 2012, 9:36 AM Copper supply shortages will extend into the first half of next year, Barclays estimates, as an accelerating Chinese economy more than doubles the pace of growth in global consumption. Demand will outpace supply by 316K metric tons in H1, more than all copper in London Metal Exchange warehouses, before a surplus emerges in H2. 6 Comments [Commodities, Global & FX]
- Wednesday, November 14, 2012, 5:21 PM Copper prices that have risen fivefold in the past decade are the new normal and are unlikely to fade much, Chile's finance minister says. The price of the metal has averaged $3.61/lb. this year vs. $1.79 in the 2000-09 decade, but the finmin of the world's top copper miner doesn’t think prices will see $2.00-$2.50: "That would happen in the very worst part of the cycle, but not as a structural issue.” Comment! [Commodities, Global & FX]
- Tuesday, October 23, 2012, 4:51 PM A growing number of analysts and traders believe the days of copper’s decade-long scarcity could be coming to an end, as the red metal's biggest consumer - China - is struggling and miners are beginning to pick up production. The ICSG predicts mined supply of copper will increase by 6.4% next year, the biggest rise since the mid-1990s. 1 Comment [Commodities, Global & FX]
- Wednesday, October 17, 2012, 2:53 PM Copper prices could trade lower next year in an uncertain economic outlook, but the consensus among metals traders and mining execs is that the move is more likely to be a grind than a collapse as supplies remain tight. Even though production is rising, inventories remain low and the mining industry is expected to again fall short of its promised production. 4 Comments [Commodities]
- Wednesday, October 10, 2012, 8:27 AM More signs of a mining boom turned bust, Chinalco (ACH) looks set to cut the size of the Hong Kong IPO of its Peruvian copper mining unit to about $400M from $800M (which was a cut from the initial $1B). A market in short supply no more: Chinese copper consumption is set to shrink this year, says Simon Hunt. Comment! [Global & FX, Commodities]
- Tuesday, October 9, 2012, 3:22 PM Copper consumption in China is expected to drop 8.5% to 5.6M metric tons this year, contracting for the first time since 2008 before rebounding in 2013, Simon Hunt says: "The safety valve of exports has gone, the domestic economy is slowing down, they have a problem of surplus capacity and cash is extraordinarily tight... There are no signals of a recovery in heavy industry and manufacturing." 2 Comments [Commodities, Global & FX]
- Wednesday, August 22, 2012, 2:58 AM BHP Billiton (BHP): H2 profit before items -35% to $7.16B vs. consensus of $6.96B. Abandons $20B Olympic Dam copper expansion and will look at a "less capital intensive option." Won't approve any new projects until at least mid-2013. It's the biggest sign of how China's slowdown has stalled the global mining boom. (PR) 11 Comments [Earnings, Top Stories, Commodities]
- Wednesday, July 18, 2012, 5:53 PM Analysts are slashing predictions of a copper glut as producers from Chile to Indonesia contend with aging mines and strikes at a time of record demand. The global surplus will total 18.5K metric tons, according to a Bloomberg survey, 85% less than a January forecast of 124K tons; the survey also says prices will rally as much as 14% to $8,700/ton by year's end. 2 Comments [Commodities]
- Tuesday, June 12, 2012, 5:07 AM Some mining companies (including BHP and RIO) that have relied mostly on surface mining are now going deeper, allowing them to continue using mining, processing and transport infrastructure even after the surface deposits are depleted. New technologies and the high price of commodities are making the unusually-deep mines financially feasible, but going deeper isn't without its risks. 9 Comments [Commodities]
- Friday, June 8, 2012, 5:54 PM Copper closed the week at a six-month low, as traders shed their initial positive reaction to China's rate cut to focus on the move as a sign of weak Chinese economic growth. Barclays says any boost in demand from Beijing’s pro-growth measures might not be felt until Q4, and the “magnitude of support... is not seen as being anywhere near the same scale as the stimulus of 2008-09." Comment! [Commodities, Global & FX]
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Jon Peter
$CU, strange divergence with the market and copper the last few months. I don't get it: http://bit.ly/13BsV1X - View all 1 replies
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Christopher Wallace
Market no longer thinks QE is inflationary based on moves in USO, GLD, TLT and CU since announcement. - View all 5 replies
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Christopher Wallace: You mean like washing the blood off your hands with more blood??
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Mercy Jimenez: Well said Christopher; when our elected officials reassure us that "we R just borrowing $$ from ourselves" Uknow this = unhappy ending
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realornot
Fiscal Cliff Count Down - http://bit.ly/S8z4L0 Congress is heading home this wkend.. Bon Voyage. CU after election! - View all 4 replies
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REIT: in the old ages once you raise taxes past 50%or close peasants revolt and looking at the numbers 491 billion/yr is not much if you print it
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LATEST REPLIES
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Jon Peter
$CU, strange divergence with the market and copper the last few months. I don't get it: http://bit.ly/13BsV1X - View all 1 replies
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Christopher Wallace
Market no longer thinks QE is inflationary based on moves in USO, GLD, TLT and CU since announcement. - View all 5 replies
-
Christopher Wallace: You mean like washing the blood off your hands with more blood??
-
Mercy Jimenez: Well said Christopher; when our elected officials reassure us that "we R just borrowing $$ from ourselves" Uknow this = unhappy ending
-
realornot
Fiscal Cliff Count Down - http://bit.ly/S8z4L0 Congress is heading home this wkend.. Bon Voyage. CU after election! - View all 4 replies
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REIT: in the old ages once you raise taxes past 50%or close peasants revolt and looking at the numbers 491 billion/yr is not much if you print it