🔴 Copper Miners ETF (COPX) is trading 3.2% down today as copper futures fall

COPX is trading at $89.89 (-3.20%) amid copper-price weakness.

• Copper futures fell 1.46% to $6.4975 by 12:32 p.m. EDT, pressuring mining equities.
• Renewed U.S.-Iran tensions around the Strait of Hormuz lifted oil prices and inflation concerns; rising global bond yields and weaker equities intensified broad risk-off selling.
• The move extends COPX’s decline from $96.45 on August 27 to $89.89 on September 1.