Commodities, China and Black Monday: How Commodity ETFs Buckled under the Chinese Economic Slowdown
September 16, 2015 at 16:31 PM EDT
On August 24, 2015, also known as “Black Monday”, commodity prices fell because of economic concerns in China. China consumes approximately half of the world’s iron ore, 48% of its aluminum, 46% of its zinc and 45% of its copper. Not to mention tons of global oil. Below, we take a look at which commodities ETFs suffered the most on Black Monday, and how they’ve performed since then.