Record copper prices fail to register in ETFs

Copper trading on the London Metal Exchange pushed past the $10,000 a tonne mark on Friday 4 February, reaching all-time highs of around $10,150 on Monday 7th. Despite this ETF Securities, which launched the world's first physically-backed copper ETC in December, says it has not seen a significant spike in interest. The company's futures-based ETFS Copper hit its highest NAV since inception last Monday, but has not generated particularly high trading volumes. Barclays' iPath DJ-UBS Copper Subindex TR ETN was also trading at its highest ever price on 7 February, but is showing volume...