Decision on JPMorgan Copper ETF Delayed

Reuters reported that the U.S. Securities and Exchange Commission has delayed a decision about JPMorgan’s plan to launch a copper-backed ETF fund for the second time.

As quoted in the market report:

The regulator set a new deadline of December 14 to rule on one of two planned ETFs. It said it needed more time to consider the issues surrounding the fund, which has ignited fears among U.S. copper fabricators about its potential impact on metal flow and prices.

To view the whole Reuters report, click here.