![]() Electric vehicles require two to four times more copper than their conventional counterparts. Get Started-100% Free Why demand for copper may rise even moreĪs President Joe Biden pushes forward with his massive infrastructure plan to fix the country’s highways, rebuild bridges and upgrade airports and transit systems, expect copper to play a major role in these construction projects.Ĭopper is also key in the switch to electric cars and sustainable energy sources. You can even find and apply for credits cards based on your credit profile and build credit with your debit purchases. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter.Sign up for Credit Sesame and see everything your credit score can do for you, find the best interest rates, and save more money at every step of the way. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The content provided on Moneywise is information to help users become financially literate. Information and timely news from our team of trusted money specialists. While you can trade copper futures on exchanges like the COMEX and London Metal Exchange - assuming you have a brokerage account that offers it - novice investors should be extremely cautious due to the volatility of most commodity prices. Futures involve agreeing to buy or sell a given commodity at a predetermined price and time in the future. Investors can use futures contracts to bet on how a particular commodity’s price will move. As with ETFs, you can easily invest in commodity stocks through any number of investing apps.įutures. Keep in mind, the performance of the stock won’t perfectly match that of copper because of business factors like the company’s financials, quality of its management team and long-term production prospects. Another option is to invest in a specific copper-mining company. ETFs typically have very low management fees, and you save even more by buying them through a zero-commission investing app. For example, the Invesco DB Commodity Index Tracking Fund tracks 14 heavily traded commodities, copper included. Some commodity ETFs let you zero in on a single commodity, while others group them together for broad-based exposure. Commodity exchange-traded funds (ETFs) offer a simpler way to gain exposure without having to directly own the commodity. But if you’re looking to make a large investment, storage space will become an issue.ĮTFs. Investors can just buy the metal, in the form of coins or bars, to save and later sell. Investors have a few different ways to put their money into copper, though some are trickier than others:īulllion. Electric vehicles require two-to-four times more copper than their petrol-powered counterparts.Ĭopper’s antimicrobial properties could also make it useful for high-touch surfaces in hospitals and health care centres looking to quell the spread of infection in the wake of COVID-19.īNN Bloomberg resources commentator Andrew Bell notes copper is up 30% this year, with recent trading levels putting the metal near it's 2011 record high. pushes forward with plans for massive infrastructure improvements aimed at fixing its ailing highways and bridges, and upgrading airports and transit systems, expect copper to play a major role in any construction projects.Įven more good news for resource-rich Canada, and investors here, comes from copper's key role in the switch to electric cars and sustainable energy. Get Started Why demand may rise even moreĪs the U.S. Now get up to $150 sign-up bonus until Jwith promo code BONUS150.ĭivision of Credential Qtrade Securities Inc. ![]() With Qtrade Direct Investing™, you can build, evaluate and test your portfolio using analyst research and tools that feature their most advanced risk analysis and portfolio-building technology. ![]()
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