By Kevin Grewal, Editorial Director at SmartStops.netNEW YORK ( SmartStops) -- In 2010, copper locked in a second-consecutive annual gain of nearly 33% as demand remained elevated due to growth in emerging markets and a weak dollar. As for the future of the industrial metal, copper's outlook remains rosy as a supply and demand imbalance is expected to take place, providing positive price support to the Global X Copper Miners ETF (COPX), the iPath Dow Jones Copper Index ETN (JJC), the First Trust ISE Global Copper Index Fund (CU), the PowerShares DB Base Metals (DBB) and the iShares MSCI Chile Index (ECH).
Global X's Copper Miners ETF, which is an equity play on copper and focuses on copper miners like Inmet Mining Corp., First Quantum Minerals and Jiangxi Copper Company Ltd. as its holdings.
iPath Dow Jones Copper Index ETN, a pure play on copper, which seeks to track the performance of copper futures contracts.
First Trust ISE Global Copper Index Fund, which is an equity play on copper and includes copper producers and miners such as
Southern Copper Corporation,
Freeport McMoRan Copper & Gold and Antofagasta PLC as its top holdings.
PowerShares DB Base Metals
(DBB), which allocates 33% of its assets to copper futures contracts.
iShares MSCI Chile Index, which is a play on Chile, the world's largest copper producer, accounting for nearly 33% of total global copper production.