- Write by:
-
Wednesday, March 6, 2024 - 22:32:07
-
74 Visit
-
Print
Sprott Asset Management has launched a Copper Miners exchange-traded fund (ETF), with Freeport-McMoRan, Antofagasta and Southern Copper Corp as its top holdings by weight, it said on Wednesday.
The fund is the most recent addition to its suite of critical materials-focused ETFs – baskets of securities that can be bought and sold like individual stocks.
It is its second copper mining fund, joining the Sprott Junior Copper Miners ETF (COPJ) launched in February 2023.
“The Sprott Copper Miners ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Nasdaq Sprott Copper Miners,” the company said in a release.
Copper prices are little changed overall this year, held in check by concerns over the property sector in major consumer China.
Helped by a weaker dollar and declining exchange stockpiles, three-month copper on the London Metal Exchange (LME) was up 1% at $8,574 per metric ton by the European midafternoon on Wednesday.
Short Link:
https://www.miningnews.ir/En/News/628108
Anglo American Plc said it is has received an unsolicited non-binding combination proposal from BHP Group.
Toronto-listed miner OceanaGold Corp said on Wednesday it will raise 6.08 billion pesos ($106 million) through an ...
A key measure of Chinese copper demand just sank to zero, another indication that global prices are not balanced with ...
Canadian miner First Quantum Minerals (TSX: FM) believes it will be able to take the already mined 121,000 tonnes of ...
Canadian miner First Quantum Minerals said on Tuesday that it has cut its debt by $1.14 billion in the first quarter.
Chile is expected to produce a record 5.8 million metric tons of copper in 2025, the state-run Chilean Copper Commission ...
Copper traded near $10,000 a ton, hitting a new two-year high on its way, as investors continue to pile in on a bet that ...
A Native American group has asked all members of a US appeals court on Monday to overturn an earlier ruling that granted ...
Codelco is exploring more partnerships with the private sector as Chile’s state copper behemoth looks to recover from a ...
No comments have been posted yet ...