🔴 Copper Miners ETF (COPX) is trading 3.04% down in pre-market as copper falls amid inflation concerns

COPX is trading at $84.09 (-3.04%) as copper weakness and the overnight macro backdrop weigh on miners.

• Copper futures were down 1.15% on September 28, adding a sector headwind for miners.
• President Trump’s rejection of Iran’s proposal to reopen the Strait of Hormuz lifted oil prices and renewed inflation concerns; U.S. equity futures were also lower.
• No confirmed COPX-specific or major-holding catalyst was identified; the overnight macro backdrop is the clearest available explanation.