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Copper ETFs Fall To 14-Month Lows On Economic WorriesJohn Spence • Mon, Sep 26, 2011 -
Copper ETFs Fall On Recession WorriesTom Lydon • Thu, Sep 8, 2011
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Behind the iPath Copper ETN’s Impressive RallyEric Dutram • Mon, Oct 18, 2010 -
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iPath Copper ETN: Forging Ahead or Under Pressure?Tom Lydon • Thu, Feb 25, 2010
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There are no Transcripts on JJC.
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at MarketWatch.com (Jun 3, 2013)
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at CNBC.com (Jul 31, 2012)
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at MarketWatch.com (May 24, 2012)
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at CNBC.com (Jan 17, 2012)
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at MarketWatch.com (Sep 13, 2011)
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at CNBC.com (Aug 29, 2011)
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at MarketWatch.com (May 27, 2011)
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at MarketWatch.com (Apr 28, 2011)
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at MarketWatch.com (Mar 30, 2011)
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at MarketWatch.com (Mar 15, 2011)
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at MarketWatch.com (Mar 13, 2011)
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at MarketWatch.com (Mar 9, 2011)
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at MarketWatch.com (Mar 8, 2011)
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at MarketWatch.com (Mar 7, 2011)
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at MarketWatch.com (Feb 4, 2011)
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at MarketWatch.com (Jan 25, 2011)
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at MarketWatch.com (Dec 21, 2010)
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at CNBC.com (Dec 6, 2010)
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at CNBC.com (Nov 11, 2010)
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at MarketWatch.com (Nov 1, 2010)
JJC vs. ETF Alternatives
JJC Description
The Dow Jones-UBS Copper Subindex Total ReturnService Mark is a sub-index of the Dow Jones-UBS Commodity Index Total ReturnService Mark and reflects the returns that are potentially available through an unleveraged investment in the futures contracts on physical commodities comprising the index plus the rate of interest that could be earned on cash collateral invested in specified Treasury Bills. The index includes the contract in the Dow Jones-UBS Commodity Index Total ReturnService Mark that relates to a single commodity, copper (currently the Copper High Grade futures contract traded on the COMEX).
See more details on sponsor's website
See more details on sponsor's website
Key Info
- In Your Portfolio: A Guide to Commodity ETFs and ETNs
- Asset Class Performance: Commodities
- All
- | Earnings
- | Dividends
- | M&A
- | On the move
- Tuesday, June 11, 8:24 AM Rio Tinto (RIO) plans to start exporting copper from the $6.2B Oyu Tolgoi mine in Mongolia on Friday, Reuters reports, marking the opening of a mine that will eventually make up one-third of the country's economy. For Rio, it is particularly important now as its Bingham Canyon mine in Utah was shut by a landslide in April and its 40%-owned Grasberg mine in Indonesia has been shut following an accident in May. Comment! [Commodities]
- Tuesday, June 4, 2:28 PM Copper rallies (JJC +1%) on expectations of tighter supplies, as the potential rises for an extended shutdown at Freeport McMoRan's (FCX -2.5%) Grasberg copper and gold mining operation in Indonesia. If FCX were to declare force majeure, the shutdown could remove 100K-150K metric tons of copper supply from the market, a sizable chunk out of estimates of 600K-800K metric tons. Comment! [Commodities, On the Move]
- Monday, June 3, 8:05 AM Beijing returns to metals. Maybe taking advantage of tumbling prices, or maybe showing confidence about the future, China's State Reserves Bureau has purchased base metals on the international market for the first time since the global financial crisis. The agency bought about 30K tons of nickel (JJN) - about one-sixth of LME stockpiles - according to sources, and has been making inquiries about copper (JJC). Other ETFs of note: LD, JJT. 3 Comments [Commodities, Global & FX]
- Thursday, May 30, 3:42 PM Leaders of Indonesia's miners union say they will call on workers not to return to Freeport McMoRan's (FCX +2.3%) Grasberg complex until an investigation behind the tunnel collapse that killed 28 people is completed. The news means copper production could be sidelined for several more weeks, increasing pressure on an already tight market. Comment! [Commodities, On the Move]
- Tuesday, May 28, 6:58 AM JPMorgan's commodities team slashes its price forecasts for most metals, lowering the 2013 estimate for gold to $1,595 from $1,745. The 2015 estimate is cut 5% to $1,650. Silver's 2013 outlook is cut to $27.89 from $30.01. Copper (JJC) to $3.50 to $3.64. GLD -0.1%, SLV -0.3% premarket. 7 Comments [Commodities]
- Wednesday, May 22, 9:06 AM Freeport Indonesia (FCX) remains uncertain when it will restart operations following last week's mining accident, news that has helped push copper prices up 2% in global markets. FCX says it is losing production of ~220K metric tons/day of concentrated ore since the tunnel collapse that killed 28 people. 1 Comment [Commodities]
- Wednesday, May 15, 12:23 PM The tunnel collapse that killed four miners should barely impact global copper supply (JJC) but may spark long-term issues for Freeport McMoRan (FCX +1%), Goldman Sachs says. The shut area represents ~1% of FCX's Indonesian production, but the tragedy could mean strained relationships with unions, tighter government regulation, and questions about a transition of the Grasberg mine from open pit to underground. Comment! [Commodities]
- Wednesday, May 15, 10:36 AM China has temporarily halted 1M metric tons/year of primary aluminum (JJC) capacity YTD and could cut another 300K tons capacity before year-end if metal prices remain low, but it won't solve the global glut, CRU consultants say. China is producing at a rate of 24M tons/year of aluminum; its share of global production will exceed 50% by the end of the decade, when it could reach 42M tons - "quite scary," CRU says. (earlier) Comment! [Commodities, Global & FX]
- Thursday, May 9, 3:06 PM The dollar (UUP +1%) is soaring across the board (not just against the yen, where it's now spiked through ¥100 to ¥100.56). The greenback is threatening parity vs. the aussie (FXA -1.1%) for the first time since last summer, and the euro (FXE -1.1%), swissie (FXF -1.4%), loonie (FXC -0.5%), and pound (FXB -0.6%) are seeing sizable declines as well. Commodities? Red. Gold (GLD -1.1%), Silver (SLV -1.2%), Oil (USO -0.6%), Copper (JJC -0.8%). 5 Comments [Global & FX, Commodities, On the Move]
- Friday, May 3, 5:53 PM Today's jobs report helped juice copper (JJC) prices, which soared 6.8% to stage their biggest single-day gain in 18 months. But copper is still ~10% lower YTD, and perma-bear Al Edwards continues to trust in its ability to serve as an economic indicator. The metal is giving "an early warning that liquidity will not save risk assets: it's time to get out of equities," he warns. 3 Comments [Commodities, U.S. Economy]
- Wednesday, May 1, 10:41 AM Commodities are lit up bright red as weak economic data (here and in China) is a good excuse to end the bounce of the last few sessions. Gold (GLD -1.8%), Silver (SLV -3.6%), WTI Crude (USO -2.6%). Copper (JJC -3.3%) moves to its lowest level in about 18 months at $3.08/lb. The metal hasn't had a 2-handle since the start of 2011. Broad commodity gauge (DBC -1.8%). 5 Comments [Commodities, On the Move]
- Tuesday, April 30, 3:18 PM The fundamentals remain in place to support copper prices, Southern Copper (SCCO +0.4%) says in its earnings conference call. After its Q1 average price for copper fell ~4.5% Y/Y, SCCO expects a recovery in copper prices on stronger demand, particularly from Asia, in upcoming quarters; it maintains its full-year production guidance of 650K tons of copper. Comment! [Commodities]
- Friday, April 26, 12:06 PM A sharp reversal in commodities over the last hour has brought the entire sector into the red. Gold (GLD -0.6%) - looking like it was set to challenge $1,500/oz. an hour ago - is back to $1,452/oz. Silver (SLV -2.3%). WTI crude (USO -1.2%) falls to $92.46. Copper (JJC -1.9%) dives back to $3.18/lb. 13 Comments [Commodities, 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]
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x oil -field
China temporarily halted 1M metric tons/year of primary aluminum $JJC capacity -could cut another 300K tons capacity. http://bit.ly/15MK8Xb - View all 2 replies
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x oil -field: $JJC Copper Set to Decline -16% on Elliott Wave: Technical Analysis. Bloomberg http://bloom.bg/14regmq http://abcn.ws/13yuYkS
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x oil -field: China Rule Changes May Halt Copper-Financing, Goldman Says. Bloomberg http://bloom.bg/11e2ehX $JJC http://bit.ly/18V43C1 $BOM
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Dr. Kris: wen: In the interest of seeking alpha, do you have any recommendations?
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Dr. Kris: Still: I still have my K&E. Forgot how to use it, though. Could probably sell it to the Smithsonian.
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World stocks rally as commodities $JJC retreat Reuters | NDTV Update: April 02, 2013 23:17 (IST) $SLV http://bit.ly/13Q0e1g - View all 0 replies
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Hedge Funds Cut Bets to '09 Low as $CORN Goldman Says Buy: Commodities $JJC http://bloom.bg/YUTWo5 $GLD http://reut.rs/WfV4Gf $MAD $COW $GS - View all 1 replies
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x oil -field: Parliament Repeats Demand That Osborne Toughens Bank Bill. Bloomberg http://bloom.bg/XgZ8ZR
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x oil -field
Bloomberg: $GLD Commodities dropped for 5th straight day,longest slump of the year, $FXI Fall on China Concern. http://bloom.bg/YIM353 $JJC - View all 0 replies
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x oil -field
Fitch Says Unless Sequestration Is Replaced Or Modified, Defense Department Spending Will Likely $SLV Be Reduced By $1T Over 10 Years. $JJC - View all 2 replies
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Bob de'Long: Sounds good to me! Cut, cut, cut rather than kill, kill, kill -
DaLatin: Fitch chosing words poorly ? Do they mean defense spending will increase 1 trillion less ? 2013 spending higher than 2012 & contracts go out
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x oil -field
The Most Important Question For A Correction Feb.20, by: Michael A. Gayed. $SDY $GLD $JJC $SLV $SPY http://bit.ly/Wb3tHX - View all 0 replies
LATEST REPLIES
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x oil -field
China temporarily halted 1M metric tons/year of primary aluminum $JJC capacity -could cut another 300K tons capacity. http://bit.ly/15MK8Xb - View all 2 replies
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x oil -field: $JJC Copper Set to Decline -16% on Elliott Wave: Technical Analysis. Bloomberg http://bloom.bg/14regmq http://abcn.ws/13yuYkS
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x oil -field: China Rule Changes May Halt Copper-Financing, Goldman Says. Bloomberg http://bloom.bg/11e2ehX $JJC http://bit.ly/18V43C1 $BOM
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- View all 7 replies
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Dr. Kris: wen: In the interest of seeking alpha, do you have any recommendations?
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- View all 10 replies
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Dr. Kris: Still: I still have my K&E. Forgot how to use it, though. Could probably sell it to the Smithsonian.
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x oil -field
Non-agricultural commodities sell off sharply across the board. $GLD -1.4% $SLV -2.3% $USO -2% $JJC -1.1% http://bit.ly/134F7qv - View all 2 replies
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x oil -field: *Chatter circulates of a troubled hedge fund being forced to exit. Broad commodity ETF $DBC -0.9% $GLD -1.4% http://seekingalpha.com/n/hz9f
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x oil -field: Metal Billionaire Plans Biggest Debt Refinance: Corporate India. $INR http://bloom.bg/ZByx4j $JPM $BAC $BCS
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x oil -field
Hedge Funds Cut Bets to '09 Low as $CORN Goldman Says Buy: Commodities $JJC http://bloom.bg/YUTWo5 $GLD http://reut.rs/WfV4Gf $MAD $COW $GS - View all 1 replies
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x oil -field: Parliament Repeats Demand That Osborne Toughens Bank Bill. Bloomberg http://bloom.bg/XgZ8ZR
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x oil -field
Fitch Says Unless Sequestration Is Replaced Or Modified, Defense Department Spending Will Likely $SLV Be Reduced By $1T Over 10 Years. $JJC - View all 2 replies
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Bob de'Long: Sounds good to me! Cut, cut, cut rather than kill, kill, kill
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DaLatin: Fitch chosing words poorly ? Do they mean defense spending will increase 1 trillion less ? 2013 spending higher than 2012 & contracts go out
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RETANG2012: RNDY the question is how long can roundy,s maintain earnings to support .48 dividend ?
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Brennan Basnicki: Yah looks like it. I was really bullish, but a few key trend lines probably will be taken out. Will be seeing how $ANR and $WLT react
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x oil -field
Bloomberg: $JJC Copper Consumption in China to Drop for First Time Since '08. http://bloom.bg/RMDCGp - View all 3 replies
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x oil -field: BBC: Mr.Timothy Geithner and Mr.Ben Bernanke in India amid reforms.http://bbc.in/VIU4uJ $UUP $INR
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x oil -field: SA MarketCurrents:$JJC China Copper consumption dropped 8.5% to 5.6M metric tons,contracting first time since 2008.http://bit.ly/SMV1Sd
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x oil -field
$JJC The S.E.C. pushes back approval deadline for BlackRock's copper ETF,after approving JPMorgan's offering. http://seekingalpha.com/n/fr9p - View all 1 replies
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x oil -field: Bloomberg: $JPM Rethinking Copper ETF, Deere Probe Ends, Bats: Compliance. $JJC http://bloom.bg/V8sNAa
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x oil -field
Bloomberg: Hedge Funds *Cut Bets in Longest Retreat Since 2008: Commodities. $JJC http://bloom.bg/T7j4qE - View all 1 replies
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x oil -field: Bloomberg: Commodities $JJC $BAL 'Super Cycle' Is Over, Citigroup's Morse Says. http://bloom.bg/ROUD2g
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x oil -field
MarketWatch: $UUP Asia stocks pressured by exporter losses. $GLD http://bit.ly/OV2r3x $JJC - View all 1 replies
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x oil -field: Marsh on Monday Archives.Oct. 22, 2012, 2:01 AM EDT Poles won't reject euro,but won't rush to join. Commentary: (€) EU http://bit.ly/QLL4yf
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x oil -field
MELBOURNE-Rio Tinto PLC RIO Tue. said its mined copper production rose 21% in the quarter from a year earlier. $JJC $GLD Dow Jones Newswires - View all 17 replies
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x oil -field: The Washington Post: The coal industry would be in decline even without Obama's policies. http://wapo.st/TXeQpV $ACI
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iadops40: the bulk of coal purchases are from emerging markets, and with China starting to turn around there is a sign of life for the coal industry
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x oil -field
Bloomberg: Rio Rejects Mongolia Request to Renegotiate Copper Mine Deal. $JJC $GLD http://bloom.bg/RO1vf5 - View all 3 replies
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x oil -field: MELBOURNE--Rio Tinto PLC RIO Tuesday said it's mined copper production rose 21% in the quarter from A year earlier. $JJC $GLD
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x oil -field
MetalMiner IndX Reports Oct.12, 2012: Copper,Lead Price Falls Reflect Lower Auto Demand Outlook for Asia,EU. $JJC http://agmetalminer.com - View all 4 replies
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x oil -field: SAN FRANCISCO (MarketWatch) --A\u Gold futures retreated Friday on profit-taking. $GLD http://bit.ly/PtJFl9
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