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Senator Carl Levin: JPMorgan Chase’s Copper ETF May Disrupt Copper Supply
Jul. 17, 2012 03:44PM PST
Base Metals Investing Bloomberg reported that according to Senator Carl Levin, JPMorgan Chase & Co.’s proposed copper ETF may disrupt copper supply and “create a bubble and burst cycle” in the copper market.
Bloomberg reported that according to Senator Carl Levin, JPMorgan Chase & Co.’s proposed copper ETF may disrupt copper supply and “create a bubble and burst cycle” in the copper market.
As quoted in the market news:
JPMorgan, BlackRock Inc. (BLK) (BLK) and ETF Securities Ltd. have said they planned to start exchange-traded funds for industrial metals. ETF Securities started the first exchange-traded products backed by copper, nickel and tin in London in December 2010.