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Copper has surged to an all-time high near $6.85 a pound, making the copper inside old U.S. pennies worth several times face value.The metal broke above a seven
Copper spent two years as the least interesting story in the commodity complex. Gold took the headlines.
COPX: Mind The Fed, But I Might Buy The Next Dip
August delivered strong gains across shipping, crypto, precious metals, biotech, copper, uranium and cloud software ETFs.
The Global X Copper Miners ETF (COPX) is rated Hold, with a 0% to 8% expected total return over 6–12 months. COPX's recent 23.39% monthly surge reflects tariff-driven copper scarcity in the U.S., but a global surplus projection tempers near-term optimism. Miners' earnings are improving on higher copper prices, yet COPX's elevated valuation and volatility limit its appeal for new entries.
Copper prices continue to climb this year, despite minor setbacks.
180 Wealth Advisors LLC increased its holdings in Global X Copper Miners ETF (NYSEARCA:COPX) by 28.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,051 shares of the company's stock after acquiring an additional 8,354 shares during the quarter. 180
The Global X Copper Miners ETF trades 23.1% below its 2026 high, despite copper futures holding near peak levels. COPX offers operational leverage to copper prices, with mining equities underperforming the metal by 9.5 percentage points year-to-date. I rate COPX a Buy, recommending gradual accumulation due to cyclical volatility, China's economic slowdown, and rising inventories as key risks.