Most Metal ETPs Are Getting Killed Right Now. One Has Jumped 84%
The mayhem in industrial metals is creating waves across $1.4 billion of exchange-traded products tracking the sector. While base metals secured a reprieve Friday, they’ve been rattled by a sell-off over fears for Chinese demand and the Sino-U.S. trade war, after copper breached the $6,000 mark this week. Firms that extract copper have sold off, putting pressure on the $71 million Global X Copper Miners ETF, ticker COPX.