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Copper ETF Demand Rises & Redhawk Resources Coverage Initiated Recently
June 18, 2013 by jheerdink
As reported by etf Securities earlier this week, copper ETFs are seeing inflows on deteriorating copper supply outlook coupled with a greater confidence in demand recovery. ETFS Copper (COPA) has apparently received US$12.4mn of inflows as the combination of a wall collapse at the world’s second largest copper mine (Grasberg in Indonesia) and a wall slide at a key mine in the US (Bingham Canyon) continues to hit supply. — Read more
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