🟢 Copper Miners ETF (COPX) is trading 3.04% up in pre-market on tight global copper supply

COPX is trading at $92.66 (+3.04%), supported by copper’s overnight strength and tight global supply.

• Copper futures were recently quoted at $6.5728, up 1.60% from the previous close; constrained Chinese smelter feedstock and declining inventories remain supportive.
• Uncertainty over potential U.S. refined-copper tariffs also supports the sector, while broadly higher U.S. index futures provide modest support.
• Rising Treasury yields and geopolitical tensions limit risk appetite; the move appears primarily commodity- and sector-driven rather than company-specific.