Economics
Copper Rises 50% in ‘Red Gold’ Rush on China Doubling Usage
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High school rugby coach Bob Markovich paid $3,812 for 250 shares of the Global X Copper Miners ETF in September. He got the idea from an investment club he advises for students, including his daughter Lydia.
“It’s the right time to buy it, the right time to stockpile it and the right time to own it,” said the father of five who coaches sports at Christian Community School in North Eaton, Ohio. His wager, 12 percent higher to date, links booming demand in China with supply constraints at world copper mines.