Here are a few ETFs that have outperformed the S&P 500 in the first quarter.
Copper continues to soar to greater heights. But supply concerns are increasing the flow of shipments to the U.S. on fears potential tariffs could push prices even higher.
U.S. president Donald Trump noted that a 25% levy on copper imports could be on the way. This is a boon for copper prices, which, in turn, have been responding bullishly.
Copper prices keep trending higher as President Trump continues to make moves on the tariffs chessboard. If the bullish momentum can sustain, investors should look at copper-focused ETFs.
With the first month of 2025 in the books, copper prices are higher. The long-term demand could sustain itself, making copper-focused ETFs an alluring option given the growth prospects.
Geopolitical and economical forces will weigh heavily on prices for all commodities. In the case of copper, China's consumption will play a pivotal role in which direction prices may take.
A global transition to clean energy sources is fueling demand for copper. The metal's use in a variety of applications, especially given its electrical conductivity properties, is allowing companies to breathe new life into abandoned copper mines.
Increased price volatility in copper prices could ensue as China continues to implement stimulus measures to boost growth. Whether it is or isn't enough will weigh heavy on copper prices moving forward.
Look at ETFs to capitalize on the red metal's bullish trend, driven by renewed investor demand and the Fed's interest rate cut.
Bank of America is forecasting bullish prices for copper. Analysts are forecasting that the price of copper will be above $10,000 per tonne in 2025 thanks to global decarbonization efforts.
Copper prices have surged Tuesday, reaching their highest levels in nearly six weeks, according to CNBC. In New York, copper for September delivery briefly touched $4.3065 per pound on Tuesday, the highest since mid-July, before settling at $4.2365, up 0.4% for the day.
Copper prices are up 9% for the year, but have been trending lower since the middle of May. However, supply disruptions from key producers in Latin America could help reverse that trend.