NEW YORK ( ETF Expert) -- Copper is one of the world's most popular metals. It is used in everything from water pipes to radiators to air conditioning systems. Some will say that the industrial metal possesses a Ph.D. in economics . . . it is that critical to world GDP growth.
One country alone is responsible for about 40% of the world's copper reserves and roughly 35% of copper exporting. That country is Chile.
In 2011, with emerging nations battling inflation and the European Union fending off member country bankruptcies, copper prices dropped into the septic tank. The perceived weakening of demand for industrial commodities weighed heavily on Chile's economic prospects and the share price of Chilean stocks.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV