Base Metals

Mining Weekly reported that copper makers Southwire and Encore Wire are pursuing legal action against the U.S Securities & Exchange Commission over their recent approval of JPMorgan Chase & Co’s physically backed copper ETF.

Mining Weekly reported that copper makers Southwire and Encore Wire are pursuing legal action against the U.S Securities & Exchange Commission over their recent approval of JPMorgan Chase & Co’s physically backed copper ETF.

As quoted in the market report:

The companies, which say the copper ETF will inflate prices for the metal and distort supplies, filed a notice of appeal on Tuesday asking the US Court of Appeals in Washington DC.

To view the whole Mining Weekly report, click here. 

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