Teucrium AiLA Long/Short Base Metals Strategy ETF

What Happened? On Friday, the U.S. and U.K. governments took further action against the Russian economy in an effort to diminish the country's ability to continue its ongoing invasion of Ukraine. The new sanctions block the import of aluminum, copper and nickel into the U.S. and U.K. The sanctions also prohibit the trading of new metal imports on the London Metal Exchange (LME) and Chicago Mercantile Exchange (CME). The three metals are major exports for Russia and limiting their sale in the West will take a major toll on the country. Commenting on the move, U.S. Treasury Secretary Janet Yellen said, “Our new prohibitions on key metals, in coordination with our partners in the United Kingdom, will continue to target the revenue Russia can ...Full story available on Benzinga.com

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China has approved a major expansion of the Julong copper mine in the Qinghai-Tibet Plateau which will make it the largest copper mine in the world. This is a part of the country's continued push to secure more sources of the strategically important metal. Critical Copper As an excellent conductor of electricity, only silver is more efficient, it is used in all manner of wiring and battery technology. It is used in generating electricity, in transporting it, in storing it. In short, copper is fundamental to the functioning of the modern world. With the race to transition away from fossil fuels heating up, copper is only becoming more precious. Competition  As a finite resource, it is incumbent on nations ...Full story available on Benzinga.com

Related tickers: OAIB.