Copper’s future is bright

Article Excerpt

GLOBAL X COPPER MINERS ETF, $32.66, is a buy. The ETF (New York symbol COPX; buy or sell through brokers; www.globalxfunds.com) lets you track the Solactive Global Copper Miners Index, with 38 global mining and exploration firms. It started up in April 2010. Canadian firms make up 34.2% of the ETF’s holdings. They also include companies based in the U.S. (10.2%), China (8.2%), Australia (7.9%), Japan (7.5%) and the U.K. (5.8%). The fund charges an acceptable 0.65% MER. The ETF’s top holdings include BHP Group Ltd., 5.6%; Southern Copper, 5.5%; Glencore plc, 5.4%; Polska Miedz SA, 5.4%; Grupo Mexico, 5.1%; Ivanhoe Mines, 5.1%; Antofagasta plc, 5.1%; and Zijin Mining, 5.0%. Investors benefit from copper’s strong long-term prospects. That reflects optimism for a steady global recovery. The rising demand for electric-powered cars will be another driver of growth. Those vehicles contain about 80% more copper than gasoline-powered vehicles. This fund is a buy. buy. …