DBB will go UP
$15.00 on 5/09/09
$20.68 (46.33% from time of market call)
The PowerShares DB Base Metals Fund is based on the Deutsche Bank Liquid Commodity Index and is managed by DB Commodity Services LLC. The Index is composed of futures contracts on some of the most liquid and widely used base metals ? aluminum, zinc and copper (grade A). The Index is intended to reflect the performance of the industrial metals sector. (db.com)
Uses
Zinc: most important role as anti-corrosion agent usually used to protect steel or iron in acidic environments.
-The largest European miner of zinc is Lundin Mining (LMC)
Aluminum: Most important role is in high tension power lines, aircraft parts, and kitchenware.
-Major US producer is Alcoa (AA)
Copper: 40% of all copper consumption is for use in construction of buildings. Other uses include electrical wiring and in alloys.
-A major copper producer is Freeport ? McMoran Copper & Gold (FCX)