China Approves Largest Copper Mine In The World In Its Bid To Outpace US
Portfolio Pulse from Johnny Rice
China has approved the expansion of the Julong copper mine, making it the world's largest, as part of its strategy to secure more copper resources. Copper's importance is highlighted due to its use in electricity and battery technology, essential for the global energy transition. The US and China are competing globally, including in Zambia, to secure copper supplies. For investors, the article suggests ETFs as a way to invest in copper, highlighting the Teucrium AiLA Long-Short Base Metals Strategy ETF (OAIB) which invests in critical base metals and has shown a 12.65% annualized return from 2017-2023.
March 01, 2024 | 2:34 pm
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The Teucrium AiLA Long-Short Base Metals Strategy ETF (OAIB) is highlighted as an investment vehicle for copper, with a 12.65% annualized return from 2017-2023.
The approval of the Julong mine expansion and the emphasis on copper's importance in the energy transition could increase investor interest in copper and related investment vehicles like OAIB. The ETF's performance and strategy are directly highlighted, suggesting a positive short-term impact on its attractiveness to investors.
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