Commodities Corner: Copper
For centuries, copper has been central to many of the world’s industrial and technological advancements. As an essential input in electric vehicles, renewable energy storage, and other forms of next-generation infrastructure, copper’s unique properties make it as relevant as ever.
With these multiple catalysts, forecasts suggest copper consumption will reach 43mm metric tonnes by 2050, up from 26mm in 2022.[1] However, supply may not keep pace with rising demand, and such an imbalance could support copper prices and present opportunities for mining companies.
Interested in adding exposure to the long-term potential of copper without directly buying and storing the metal? Consider the Global X Copper Miners ETF, which delivers efficient access to a basket of companies involved in the mining of copper.
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[1] BloombergNEF, Jun 2023
Investing involves risk, including the possible loss of principal. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Narrowly focused investments may be subject to higher volatility. There are additional risks associated with investing in copper and the copper mining industry. COPX is non-diversified.
Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.
Carefully consider the Fund's investment objectives, risks, and charges and expenses before investing. This and other information can be found in the Fund's full or summary prospectuses, which may be obtained at globalxetfs.com. Please read the prospectus carefully before investing.
Global X Management Company LLC serves as an advisor to Global X Funds. The Funds are distributed by SEI Investments Distribution Co., which is not affiliated with Global X Management Company LLC.