Investors interested in metals usually stick to the precious ones — gold and, if dabbling beyond that, maybe silver.
But President-elect Trump's plans to shore up infrastructure and bring back manufacturing means that good times are rolling for industrial metals. Even before Trump, obscure metals like tin were prospering this year as demand rose and supplies shrank. Trump's ambitious plans could give industrial metals additional momentum as base metals including copper, aluminum and lead are essential ingredients in construction and manufacturing.
The base metals boom comes during a big gold slump — after a record rally in the first half of the year, gold is down 15 percent in the past three months and now sits at a 10-month low, a swift change of fortune for the popular SPDR Gold Trust (GLD).