Take a look at our list of the financial terms associated with trading and the markets. From beginners starting their trading journey to experts with decades of experience, all traders need to clearly understand a huge number of terms.
Copper is found in ore deposits around the world and top producers include Chile, China, Peru and the US. It was the first metal to be used by humans and remains essential for a variety of uses: it is the world's third most widely used metal, after iron and aluminium.
Copper is priced in USD per lb. it's all-time high was $4.58, which it reached in February 2011. Copper hit a record low of $1.94 in January 2016.
Like silver and gold, it is malleable and a good conductor of electricity, however it is also relatively inexpensive which makes it ideal for industrial applications such as wiring, plumbing and circuitry.
The price of copper is influenced by a number of factors including the strength of the US Dollar, demand from China and extraction costs. However, the energy-intensive refining process mean it is also susceptible to changes in oil prices.
Instability in the political climate of key countries where copper is mined can also affect the price.
DBC, also known as the PowerShares DB Commodity Tracking ETF, tracks 14 commodities based on the futures curve. It aims to limit the effect of contango and maximise the effect of backwardation so that investors improve their returns. The commodities included in the ETF are gasoline, heating oil, Brent crude oil, WTI crude oil, gold, wheat, corn, soybeans, sugar, natural gas, zinc, copper, aluminium and silver.
Unlike other commodity ETFs, DBC rolls future contracts based on the shape of the future curve, rather than following a schedule. This allows the ETF to generate the best roll yield by minimising losses and maximising backwardation.
Copper is found in ore deposits around the world and top producers include Chile, China, Peru and the US. It was the first metal to be used by humans and remains essential for a variety of uses: it is the world's third most widely used metal, after iron and aluminium.
Copper is priced in USD per lb. it's all-time high was $4.58, which it reached in February 2011. Copper hit a record low of $1.94 in January 2016.
Like silver and gold, it is malleable and a good conductor of electricity, however it is also relatively inexpensive which makes it ideal for industrial applications such as wiring, plumbing and circuitry.
The price of copper is influenced by a number of factors including the strength of the US Dollar, demand from China and extraction costs. However, the energy-intensive refining process mean it is also susceptible to changes in oil prices.
Instability in the political climate of key countries where copper is mined can also affect the price.
DBC, also known as the PowerShares DB Commodity Tracking ETF, tracks 14 commodities based on the futures curve. It aims to limit the effect of contango and maximise the effect of backwardation so that investors improve their returns. The commodities included in the ETF are gasoline, heating oil, Brent crude oil, WTI crude oil, gold, wheat, corn, soybeans, sugar, natural gas, zinc, copper, aluminium and silver.
Unlike other commodity ETFs, DBC rolls future contracts based on the shape of the future curve, rather than following a schedule. This allows the ETF to generate the best roll yield by minimising losses and maximising backwardation.
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