Mining ETFs Facing Global Shifts
Tom Lydon submits:
Growing nations are starving for raw materials. Their newly-minted middle classes are ready to spend, they’re buying cars and they’re moving to the cities. Mining exchange traded funds are in a position to reap the rewards of this growth.
New buildings demand copper for wiring and pipes. New cars call for platinum and palladium for catalytic converters. Silver is also a major component in manufacturing.
