(COPX) Copper Miners - Overview
ETF Category: Natural Resources | Exchange: NYSE ARCA (USA) | Market Cap: 7.533m USD | Total Return: 114% in 12m
TER: 0.65%
Avg Turnover: 352M
Warnings
No concerns identified
Tailwinds
Leader, Tailwind, Pullback 52w
The Global X Copper Miners ETF (COPX) tracks the Solactive Global Copper Miners Total Return Index, investing a minimum of 80% of its assets in global equities, ADRs, and GDRs within the copper mining industry. As a non-diversified fund, it provides concentrated exposure to companies engaged in the exploration, extraction, and processing of copper ore.
Copper is a critical industrial metal characterized by high thermal and electrical conductivity, making it a primary component in electrical grid infrastructure and renewable energy technologies. The business model of constituent firms typically involves high capital expenditure for mine development and sensitivity to global commodity price fluctuations. Investors can further evaluate these industry fundamentals and company valuations on ValueRay.
- Global copper demand increases from electric vehicle and renewable energy infrastructure
- Copper spot price fluctuations directly impact mining company profit margins
- Geopolitical instability in Chile and Peru disrupts primary global supply chains
- High interest rates raise capital expenditure costs for new mining projects
- Industrial production growth in China dictates global copper consumption volume
Over the past week, the price has changed by -3.40%, over one month by -4.75%, over three months by -2.04% and over the past year by +114.04%.
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