Copper boosts physically backed commodity ETF market

Physically backed copper ETFs are set to make an entrance in the commodities market, as JP Morgan and iShares place S-1 filings at the Securities and Exchange Commission (SEC). JP Morgan has teamed up with ETF Securities to launch the physically backed copper ETF, which will be called JP Morgan Physical copper trust. While Blackrock is set to launch the iShares copper trust joining forces with Goldman Sachs Group who will store the metal. "Copper is becoming popular for the very fact that a tight market is bullish for prices," says Robin Bhar, senior metals analyst at Crédit Agricole ...