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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
- Thursday, May 24, 2012, 5:25 AM U.S. manufacturers are opposing JPMorgan's (JPM) plans to launch an ETF backed by physical copper, telling the SEC the fund would "grossly and artificially inflate prices" and "wreak havoc on the US and global economy." JPM's regulatory filings suggest its ETF could hold 61,800 tons, or 27% of the copper held in the London Metal Exchange’s global network of warehouses. 8 Comments [Commodities]
- Thursday, May 3, 2012, 4:50 PM With LME copper stocks at their lowest level since 2008 and China bursting with the stuff amidst lower domestic demand, the country is set to export large amounts of the metal over the coming months. Analysts believe there are 500-600K tons of the copper in Shanghai warehouses being used as loan collateral (total 2012 mine supply will be 240K tons). 2 Comments [Commodities, Global & FX]
- Monday, April 23, 2012, 4:33 PM Weakening manufacturing in China and the eurozone spelled lower prices for copper, as the industrial metal fell 2% to settle at $3.626/pound for its lowest ending price since Jan. 11. Add diminished expectations for imminent QE from the Fed, and prices could continue to fall from here, TD Securities’ Bart Melek says. Comment! [Commodities, Global & FX]
- Thursday, April 19, 2012, 8:30 AM More on Freeport McMoRan (FCX): This can be a tough business sometimes as costs don't pay attention to the price of the metal being mined: Q1 cash costs $1.26/lb. vs.$0.79 a year ago, costs for 2012 expected to be $1.43. Earnings off 49% Y/Y. Shares +1% premarket. (PR) Comment! [Commodities, Global & FX, Earnings]
- Sunday, April 15, 2012, 9:22 PM Struggling to lift output even with near-record prices, Chile's Codelco - the world's top copper producer (accounts for 1/3 of global supply) - was forced to buy the metal from outside sources to meet delivery contracts earlier this year. The purchases were small when measured against Codelco's total production, but imagine Saudi Arabia needing to buy crude to meet its deliveries. 6 Comments [Global & FX, Commodities]
- Friday, April 13, 2012, 10:53 AM A day after rallying strongly, many commodity names are selling off as a result of top customer China's soft GDP report. Copper (CU -2.4%), silver (SLVP -1.8%), and gold (PSAU -1.6%) miners are all getting hit, as are steelmakers (SLX -1.9%) and some aluminum names (AA -2.2%, NOR -3.7%). 2 Comments [Commodities, On the Move]
- Friday, April 13, 2012, 8:51 AM JPMorgan files to list a copper-backed ETF. Copper-backed securities listed in late 2010 were thought the contribute to the metal's record-breaking run in early 2011 as the funds ate up supply in an already tight market. 2 Comments [Commodities]
- Thursday, April 12, 2012, 2:49 PM It's a good day to own commodity stocks. Alcoa's (AA +2.5%) strong Q1 and China optimism is not only lifting aluminum names, but also makers of steel (SLX +4.7%), copper (CU +4.1%), silver (SLVP +2.7%), and gold (PSAU +3.8%), among other things. 2 Comments [Commodities, On the Move]
- Tuesday, April 10, 2012, 12:36 PM Crude oil touches a 2-month low of $100.83/barrel as it follows risk markets downward. USO -1%, BNO -1.7%. Another economically sensitive commodity, copper falls back to mid-January levels at $3.65/lb. JJC -1.8%. Freeport-McMoRan (FCX) gives up big early 2012 gains to slip into the red on the year. Comment! [Commodities, On the Move]
- Tuesday, February 28, 2012, 8:15 AM The Chinese use of copper in financing schemes takes another turn as some banks begin suspending loans against the metal after finding companies using the same collateral to apply for loans from more than one lender. While putting a number on it is impossible, the practice is almost certainly a source of false demand for the metal. Comment! [Global & FX, Commodities]
- Monday, February 13, 2012, 1:39 PM China's imports of copper - far in excess of anticipated need - suggests to Gordon Chang that Beijing is attempting to dress up its trade numbers. Even as exports fall off, China's trade surplus is growing as imports dive even faster, giving the U.S. the nod to pressure on trade issues. Later this year, look for China to stop buying copper and the price to dive. 1 Comment [Global & FX, Commodities]
- Thursday, February 2, 2012, 9:41 AM While copper bulls point with pleasure at sliding LME inventory of the metal, it should be noted that the Shanghai Futures Exchange (SFE) has become a player in the space and stocks there are on the rise. Worldwide inventories have actually fallen very little over the last 3 months. Comment! [Commodities, Global & FX]
- Friday, December 16, 2011, 9:37 AM "Two mega developments will impact world copper consumption: the level of global business activity and substitution," writes Simon Hunt, a veteran watcher of the market. With neither factor boding well for the metal, he says, all that's propping prices is copper's financialization. This too will end; "copper prices will fall sharply, and that is almost a given." 13 Comments [Global & FX, Commodities, Quick Ideas]
- Thursday, November 10, 2011, 4:30 AM Mitsubishi (MSBHY.PK) pays $5.39B for a 24.5% stake in Anglo American's (AAUKY.PK) Chilean copper unit. The deal is Japan's largest ever mining acquisition and will almost double Mitsubishi's copper output at time when global demand is expected to increase over 40% by 2020. (PR) Comment! [Commodities, M&A]
- Tuesday, November 1, 2011, 9:47 AM Usually a safe haven on days like this, even gold isn't escaping the general panic as the rising dollar sends futures -2.1% to $1688.90/oz. However, silver is taking a much greater hit, sinking 6.1% to $32.244. The metal is "very much as an industrial metal right now," says one trader. Copper -4.4% to $3.473 and Platinum -2.7% to 1563.50. 2 Comments [On the Move, Top Stories, Commodities]
- Thursday, October 27, 2011, 11:05 AM Copper is the greenest of the green in the commodity sector today, higher by $0.18/lb. to $3.67 and bringing its 5 session gain to 22%! So the good doctor was predicting recession last Friday and boom times today? Time to take back that license. JJC +4.6%. 1 Comment [Commodities, On the Move]
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tunaman4u2
7 up days for market: KOL now flat for same period. Interesting. CU down big. Hmm commodities selling off? - View all 0 replies
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